Shopping Strip
Morgan Avenue Medical Center
1902 Morgan Ave, Corpus Christi, TX 78404
Listing Price: $1,459,000
Investment Overview
Morgan Avenue Medical Center is a 3,900-square-foot, multi-tenant medical center that is located directly off of a main freeway in Corpus Christi, Texas. The center is 100 percent occupied, and 100 percent of the gross leasable area has triple-net leases. The tenant base is made up of two service-oriented businesses including Epic Pain Management and Express Pain and Urgent Care. Constructed in 1985, the building is situated on a 0.26-acre lot.
The subject property is located on Crosstown Expy with 143,979 vehicles per day and within close proximity to Interstate-37 with 82,990 vehicles per day. Morgan Avenue Medical Center is surrounded by many national and regional retailers including H-E-B, McDonald's, Taco Bell, Whataburger, Family Dollar and many more.
Morgan Avenue Medical Center
Investment Highlights
- 3,900-Square-Foot, Multi-Tenant Medical Center
- Fully Stabilized Asset | 100% Occupied
- Fair Market Value with Triple-Net Leases
- Both Suites were Recently Renovated for Medical Practitioners
- 2% Annual Rent Bumps to Hedge Against Inflation
- Freeway Location Offering Great Visibility : 109,764 Vehicles per Day on Crosstown Expressway
- Surrounding Area has Desirable Demographics | Average Household Income within a 5-Mile Radius is $51,902 | Total Population within a 5-Mile Radius is 143,979
Exclusively Listed By
Listing Price: $1,459,000
Investment Highlights
- 3,900-Square-Foot, Multi-Tenant Medical Center
- Fully Stabilized Asset | 100% Occupied
- Fair Market Value with Triple-Net Leases
- Both Suites were Recently Renovated for Medical Practitioners
- 2% Annual Rent Bumps to Hedge Against Inflation
- Freeway Location Offering Great Visibility : 109,764 Vehicles per Day on Crosstown Expressway
- Surrounding Area has Desirable Demographics | Average Household Income within a 5-Mile Radius is $51,902 | Total Population within a 5-Mile Radius is 143,979
Investment Overview
Morgan Avenue Medical Center is a 3,900-square-foot, multi-tenant medical center that is located directly off of a main freeway in Corpus Christi, Texas. The center is 100 percent occupied, and 100 percent of the gross leasable area has triple-net leases. The tenant base is made up of two service-oriented businesses including Epic Pain Management and Express Pain and Urgent Care. Constructed in 1985, the building is situated on a 0.26-acre lot. The subject property is located on Crosstown Expy with 143,979 vehicles per day and within close proximity to Interstate-37 with 82,990 vehicles per day. Morgan Avenue Medical Center is surrounded by many national and regional retailers including H-E-B, McDonald's, Taco Bell, Whataburger, Family Dollar and many more.
Exclusively Listed By
