Corner Plaza Near London
For Sale
Contact for pricing
1290 FM 43, Corpus Christi, TX 78415
Corner commercial plaza in growing Corpus Christi area for sale.
Property Size24,560 SF
Price / SF$242.26
Days on Market633
Property Features for 1290 FM 43
General Information
Standard status
Active
Size
24,560 SF
Property subtype
Retail
Zoning
Commerical
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$458,560
Building Details
Year Built
2022
Tenancy
Multi
Listing Agency:
TRE Teifke Real Estate
Listed By:
Giavanna Maddalone · License #0771750
(361) 694-3917
Source:
Crexi
Added: Jan 22, 2025
Changed: Oct 9
Last Checked: Oct 16 at 7:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TRE Teifke Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial plaza, constructed in November 2022, is located on a corner lot across from the London School District, along the main highway in the London area of Corpus Christi. The property offers prime frontage in an area experiencing rapid growth. The plaza includes a turf courtyard with a stage designed for community engagement and events. The property has a size of 24560 square feet. The building is constructed out of CMU block. The plaza is 100% leased with tenants on NNN leases.
Key Highlights
- 100% Leased with NNN Leases: Provides immediate and stable income.
- Prime Location: Corner lot across from London School District on the main highway.
- High‑Growth Area: Located in an area growing 7 times faster than the rest of Corpus Christi.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$283,152
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,663,040
$5.7M
Cap Rate 7%
$4,045,029
$4.0M
Cap Rate 9%
$3,146,133
$3.1M
Market Conditions
NOI Build-Up for 24,560 SF
Gross rent
$442.1K $18.00/SF
− Vacancy
−$37.6K −$1.53/SF
EGI
$404.5K $16.47/SF
− OpEx
−$121.4K −$4.94/SF
NOI
$283.2K $11.53/SF
Area
ZIP 78415
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,663,040
Cap Rate 7%
$4,045,029
Cap Rate 9%
$3,146,133
Alternative Uses
Best Use
Retail
$4.05M
$3.54M – $4.72M
NOI $283,152 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.84M
$5.11M – $6.82M
NOI $409,071 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78415, TX
38,722
Population
15,465
Households
2.5
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
109.2 sq mi
ZIP Area
355
Density / Sq Mi
$53,803
Median Household Income
$31,748
Median Earnings
$1,166
Median Rent
$135,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- London Square Plaza — 1290 FM 43, Corpus Christi, TX 78415
Frequently Asked Questions
What type of property is this?
Shopping center - Corner commercial plaza in growing Corpus Christi area for sale.
Where is this shopping center located?
The property is located at 1290 FM 43 Corpus Christi, TX.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: 100% Leased with NNN Leases: Provides immediate and stable income.; Prime Location: Corner lot across from London School District on the main highway.; High‑Growth Area: Located in an area growing 7 times faster than the rest of Corpus Christi.
