5129 - 5201  Blanche D. Moore Drive

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5129 - 5201 Blanche D. Moore Drive

Corpus Christi, TX 78411
Asking Price
$6.22M
Cap Rate
6.75%
Asset Type
Storefront Retail
Class
Class B

What's Special

Retail | 6.75% CAP | 25,000 SqFt <ul><li>​Rare opportunity to acquire an anchor store at Corpus Christi’s strongest retail intersection</li><li>​Barnes & Noble is thriving as customers return to physical bookstores</li><li>​Peripheral to traffic draws Target, Academy, H‐E‐B, Best Buy, Home Depot and others</li><li>​Traffic counts at the location equal 159,000 VPD</li><li>​Trade area of nearly 127,000 residents with six‐figure average HH incomes</li></ul>

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NOI
$80,000
Cap Rate
1.29%
DSCR
0.22
Underwater
Cash-on-Cash
-15.51%
Monthly Payment
$30,797.904
Annual Cash Flow
$-289,574.842

Location & Travel Times