15,200 sq ft
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.