NNN Investment - 8% Cap Rate - Corpus Christi, TX

[mi...@44ohio.com]

NNN Leased Investment
Circle K Store/Citgo Gas Station
5301 S Staples St
Corpus Christi, TX 78411

Building Overview:

- Size: 2,297 Sq. Ft.
- Lot Size: 0.52 Acres
- Single Tenant Building

Investment Information:

- Tenant: Susser Holdings LLC (Largest Independent C-Store Operator)
- Lease Term: 20 Years (12/21/05-12/20/25)
- Renewal Options: Five 5-Yr Options to Renew
- Rent Increases: Rent Increases Annually by 2xCPI, Capped at
2% in the First 4 Adjustment Dates, and Capped at 1.5% for the
Remainder of the Term and Options
- Lease Type: NNN (Tenant is Responsible for all Expenses)
- Avg. NOI: $125,596
- Avg. Cap Rate: 8.0%
- Price: $1,569,950

For Additional Information:

Michael Zelnik, CCIM, SIOR
NAI Realvest
407-517-1554 mobile
mi...@44florida.com

Mez Birdie, CCIM
NAI Realvest
407-949-0712 office
mbi...@realvest.com

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