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Morgan Avenue Medical Center

1902 Morgan Ave, Corpus Christi, TX 78404

Listing Price: $1,459,000

Cap Rate
7.75%
Gross SF
3,900
Rentable SF
3,900
Price/Gross SF
$374.10
Lot Size
0.26 acres
Year Built
1985

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.

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

Shopping Strip

Morgan Avenue Medical Center

Listing Price: $1,459,000

Cap Rate
7.75%
Gross SF
3,900
Rentable SF
3,900
Price/Gross SF
$374.10
Lot Size
0.26 acres
Year Built
1985

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

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