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Alorica, Corpus Christi, TX

Alorica

Corpus Christi, TX

Price $11,209,000
Cap Rate 7.25%
NOI $812,622
Lease Term 11 years remaining
Lease Type Net, with Tenant Responsible for All Taxes, Insurance, and Maintenance.
Rental Increases Annual Rental Increases
Year Built 1994
Building Size 58,843 SF
Lot Size 9.969 Acres (434,250 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NET LEASE WITH SCHEDULED RENTAL INCREASES
» Net lease to growing business process and customer satisfaction outsourcing solutions provider with minimal landlord management
» Scheduled rental increases, providing a hedge against inflation
» Two (2) option periods of five (5) years each
» Alorica is the world’s largest provider of customer experiences to North American consumers
» Alorica serves more than 200 major clients worldwide, including four of the top five wireless providers, half of Fortune 50 healthcare companies, and four of the world’s largest car manufacturers (visit alorica.com for more information)

EASILY ACCESSIBLE AND HIGH-TRAFFIC LOCATION IN POPULOUS TEXAS SUBMARKET
» 135,078 residents within a five-mile radius of the property
» High-visibility location on State Route 358/South Padre Island Drive (90,712 AADT)
» Central location at the confluence of highly trafficked Florida thoroughfares, including Old Brownsville Road and Interstate 37 (combined 98,163 AADT)
» Projected seven percent average annual household income increase within a five-mile radius of the property in the next five years, poising Alorica and Corpus Christi for concurrent growth

CENTRAL LOCATION NEAR MULTIPLE TOURIST ATTRACTIONS, RETAILERS, AND COMMUNITY HUBS
» Surrounded by a strong mix of local and national retailers, including Burger King, Whataburger, Walmart, Buffalo Wild Wings, Texas Roadhouse, and many more
» Beneficial location within the Corpus Christi Independent School District (60 schools, 38,014 students)
» Five miles from Corpus Christi International Airport (645,000 annual passengers)
» Gateway to the Gulf of Mexico and Padre Island National Seashore (650,000 annual visitors)

BENEFICIAL LOCATION IN TAX FREE STATE
» Texas has no State Income Tax, Estate Tax, or Inheritance Tax
» Ample on-site parking



Property Description

The property has an easily accessible location along State Route 358/South Padre Island Drive, with visibility and access to 90,712 AADT. The site maintains a central location at the confluence of highly trafficked Texas thoroughfares, including Old Brownsville Road and Interstate 37 (combined 98,163 AADT). The site benefits from its location in a populous area, with 135,078 residents living within a five-mile radius of the property. With a projected seven percent average annual household income increase within a five-mile radius of the property in the next five years, Alorica and Corpus Christi are poised for significant concurrent growth.

The property has a central location near multiple area attractions, retailers, and community hubs. The site is surrounded by a strong mix of local and national retailers, including Burger King, Whataburger, Walmart, Dairy Queen, Popeyes, Buffalo Wild Wings, Texas Roadhouse, and many more. The property is also ideally located within the Corpus Christi Independent School District, which features 60 schools and 38,014 students. The site benefits from its proximity five miles from Corpus Christi International Airport (645,000 annual passengers) and traffic to the site is greatly increased by its status as a common gateway to the Gulf of Mexico and Padre Island National Seashore, which welcomes 650,000 annual visitors.

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