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Virtual Drive-By

Exxon Mobile Absolute NNN

4802 S Alameda St · Corpus Christi, TX 78412 · Convenience / Fuel

Asking price
$1,070,000
Cap rate
5.75%
NOI
$61,540

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeAbsolute NNN
Term remaining6.2 yrs
Expiration09/2032
Rent bumps17.65% increase at the start of the 1st option & 20% increase at the start of the 2nd option
Options2 (10-year)
Ground lease
Credit profileCorporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF1,767
Price / SF$606
Year built1971
Lot size0.46 ac
TypeConvenience Store, Gas Station
Days on market235

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • 7 Years Remaining | Options To Extend | Rental Increases

  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

  • Premier Retail Corridor | Strong National/Credit Tenant Presence

  • Strong Demographics in 5-Mile Trade Area

Take the next step on this property

We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.

Register to view photography and request the offering memorandum

Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.

Optional. On time-sensitive listings a call reaches you faster than email. We will not use it for automated calls or texts.

Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.