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Updated: 04.09.24 Posted: 05.08.23 Status: Inactive

Summary

Price $2,600,000
Built/Renov 1966/2022
Tenant White Cap Supply Co.
Cap Rate 5.08%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 23,897
Lease Start 11-01-2018
#Units 450
Price/SF $108.80
Expiration 12-31-2028
Tenant Type Industrial
NOI $132,021
R. Term 3.7
Ownership Fee Simple
Rent/SF $5.52
Increases 2.0%/1/yrs
Pop 5Mi 125,721
Lot/AC 3.70
Options 1/5yrs/2%
AHHI 5Mi $57,707

Lease Highlights

  • White Cap Supply Co. has over 5 years remaining on the current lease term with 1 (5-year) option to extend
  • Lease features 2% annual rental increases throughout the initial term and option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by White Cap Supply Holdings, LLC.

Location Description

This free standing White Cap Supply property is situated on 2 acres of land in a heavy industrial zoned area with an additional 1.7 acres of developable land sitting adjacent. Both sites have rail access and convenient access to Corpus Christi’s major freeway systems. Located just 5 miles from Corpus Christi International Airport, 4 miles from Port of Corpus Christi, and 2 miles from downtown...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: White Cap Supply Co.
  • Guarantor:Corporate
  • Company:White Cap Supply Holdings, LLC.
  • # Units:450
  • Stock:Private

About Tenant

White Cap Supply Holdings, LLC ("White Cap") serves as a one-stop shop providing concrete accessories and chemicals, tools, and equipment, building materials and fasteners, erosion, and...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 12,476 62,407 116,667
2023 Total Population : 12,556 63,066 117,415
2023 Employed Civilian Pop : 4,617 25,709 49,634
2023 Total Businesses : 609 3,563 5,918
2023 Average Household Income : $ 46,285 $ 60,961 $ 66,386
2023 Total Consumer Spending : $ 174 M $ 1248 M $ 2547 M
2023 Median Age : 37 38 38
2023 Total Households : 4,206 23,029 43,403
2023 Pop Age 25+: Bachelor's Degree : 258 3,380 8,044
2023 Average Home Value : $ 130,375 $ 162,983 $ 191,994
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Agnes St 21st St 2011 8,202 0.08 mi
Crosstown Expressway Agnes St 2020 89,090 0.40 mi
State Hwy 286 N Agnes St 2010 70,000 0.40 mi
Laredo St 2021 750 0.40 mi
Crosstown Expressway Laredo St 2020 78,357 0.42 mi
Crosstown Expressway S Port Ave 2021 80,928 0.43 mi
State Hwy 286 N Laredo St 2010 63,000 0.44 mi
S Port Ave Ruth St 2010 9,341 0.44 mi
N Brownlee Blvd 2021 200 0.46 mi
State Hwy 286 N 16th St 2002 82,000 0.47 mi

Listing Broker

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