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Dry Good

PetSmart | 12+ Years Remain | Recent 10-Year Extension

5214 Blanche Moore Dr, Corpus Christi, TX 78411

Listing Price: $5,375,000

Cap Rate
6.75%
Tenant Name
PetSmart
Years Remaining On Lease
11.9
Guarantor
Corporate Guarantee
Rentable SF
25,015
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.50

Investment Overview

PetSmart is situated upon a 2.29-acre parcel within Moore Plaza, the dominant regional power center in the Corpus Christi market. The Center has prominent frontage and is easily accessible from Highway 358, a state highway that runs along the southern edge of Corpus Christi and averages more than 120,500 vehicles per day. The Tenant operates in a freestanding 25,015-square-foot building on its own tax parcel. There are limited REA restrictions, but the Tenant benefits tremendously from the synergies with the surrounding retail drivers.

Investment Highlights

  • Recent 10-Year Extension of Established Location
  • Seven Percent Rental Increase in 2028
  • Mature & Growing Corpus Christi Metro

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Dry Good

PetSmart | 12+ Years Remain | Recent 10-Year Extension

Listing Price: $5,375,000

Cap Rate
6.75%
Tenant Name
PetSmart
Years Remaining On Lease
11.9
Guarantor
Corporate Guarantee
Rentable SF
25,015
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.50

Investment Highlights

  • Recent 10-Year Extension of Established Location
  • Seven Percent Rental Increase in 2028
  • Mature & Growing Corpus Christi Metro

Investment Overview

PetSmart is situated upon a 2.29-acre parcel within Moore Plaza, the dominant regional power center in the Corpus Christi market. The Center has prominent frontage and is easily accessible from Highway 358, a state highway that runs along the southern edge of Corpus Christi and averages more than 120,500 vehicles per day. The Tenant operates in a freestanding 25,015-square-foot building on its own tax parcel. There are limited REA restrictions, but the Tenant benefits tremendously from the synergies with the surrounding retail drivers.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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