6222 Greenwood Drive is a mixed-use property for lease in Corpus Christi, TX.
Net leased 9,000 SF facility occupied by Xtreme Customs and Off-Roading with a five year lease commencing July 1, 2015. Rent increases after first 3 years of term. Sale price is established with a 12% Cap Rate on current net operating income. Landlord sole responsibilities are building structure, glass and windows, and HVAC condensing unit and air handler. Tenant responsible for all insurance, taxes and maintenance.
• NNN LEASED INVESTMENT
• 5 YEAR TERM EXPIRES 6/30/2020
• 12% CAP RATE
• CURRENT RENT: $5,500/mo.
• RENT INCREASE 7/1/2018 TO $5,800/mo.