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33845086
33845088

3201 S Padre Island Dr, Corpus Christi, TX 78415

JC
UT UT 9518385-SA00
SRS Real Estate Partners Salt Lake City
Listed by SRS Real Estate Partners Salt Lake City
$2,836,000
0 days on market
Updated 0 days ago

7-Eleven

Details
APN 0898-0001-0017
Property Type Retail
Sub Type Convenience Store
Square Footage 2,946
Cap Rate 5.5%
NOI $156,000
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 09/30/2032
Remaining Term 6.3
Price per SqFt $963
Year Built 1987
Acreage 0.520
Zoning Commercial
Parking Spaces 8 spaces
Parking Per SqFt 2.72
Tenant Credit Corporate Guarantee
Lease Commencement 10/01/2012
Ownership Fee Simple (Land and Building)

Retail | 5.50% CAP | 2,946 SqFt

Marketing description

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, investment grade (S&P: A), 7-Eleven investment property located in Corpus Christi, Texas. The tenant, 7-Eleven, Inc., has over 6 years remaining on their lease term with 2 (5-year) options to extend, demonstrating their long-term commitment to the site. The site features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation. The lease is corporate signed by 7-Eleven, Inc. (S&P: A) and is an absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The property is currently being branded as a Stripes Convenience Store, but is secured and operated by 7-Eleven, Inc.

Listing Contacts

JC
UT UT 9518385-SA00
SRS Real Estate Partners Salt Lake City
Listed by SRS Real Estate Partners Salt Lake City

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$156,000.00
$13,000.00/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

Map

Zoning

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CG-2 CommercialGeneral CommercialGeneral Commercial
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Last updated Apr 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Louie Tijerina
License
TX License No. 655302-B
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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