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5521 Saratoga Boulevard

Jeff Harkinson Of Harkinson Investment Corp Acquires Retail Asset On Saratoga Boulevard From LRIC Properties
SOLDRetail

Jeff Harkinson Of Harkinson Investment Corp Acquires Retail Asset On Saratoga Boulevard From LRIC Properties

5521 Saratoga Boulevard

Building Size

Asset Type

Retail

Closing

Dec 17, 2025

AI

The transaction involved the sale of 5521 Saratoga Boulevard, a retail asset situated in the Corpus Christi market, consisting of a shopping center spanning 90,768 square feet, with 96% of the space leased to tenants such as Dollar Tree and Physicians Premier ER. The property also includes 4.7 acres of adjacent land.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 5521 Saratoga Boulevard
  • Market: Corpus Christi
  • Buyer: Jeff Harkinson - Harkinson Investment Corp
  • Seller: Steve Lipscomb - LRIC Properties
  • Brokers: David Disney & Adam Crockett - Disney Investment Group

Dallas-based Disney Investment Group facilitated the transaction by representing the seller, LRIC Properties, while successfully securing the buyer, Harkinson Investment Corp, for the property transfer.

Players

David Disney

Disney Investment Group

Broker

$82.2M

vol

13 deals

Broker
 Jeff Harkinson

Jeff Harkinson

Harkinson Investment Corp

Buyer

1 deal

Buyer
LRIC Properties
LRIC PropertiesSeller

Corpus Christi Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93