15,200 sq ft

Size

2014

Year Built

Development

Investment Strategy

H&E Equipment

7809 IH 37 Access Rd., Corpus Christi, TX 78409

Property Type: Single-tenant Retail

FCA partnered with Embree Group in the ground-up development of this H&E Equipment location. This standalone industrial / retail property offers excellent visibility along I-37, the main thoroughfare leading into downtown Corpus Christi. The sponsor obtained an extended, corporate-guaranteed lease with the tenant prior to construction, and the building was completed to the tenant’s specifications.

Construction was finished in 2014, at which point this property was sold to a REIT specializing in net lease properties, thus taking advantage of the tenant’s strong credit rating and the historically low interest rate environment.