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Operating Restaurant on NNN Lease
For Sale
$3,500,000

1949 S Padre Island Drive, Corpus Christi, TX 78416

Operating Fuddruckers restaurant on an NNN lease with SPID frontage near Crosstown Expressway.

Property Size6,670 SF
Lot Size2.09 Acres
Price / SF$524.74
Days on Market319

Property Features for 1949 S Padre Island Drive

General Information

Standard status Active
Size 6,670 SF
Lot size 2.09 Acres
Property subtype Commercial

Site & Location

Traffic Count 88,451 vehicles/day
Highway Access Yes
Road Access Yes

Additional Details

Business Included Yes

Building Details

Year Built 2004
Tenancy Single
Listing Agency: Mirabal Montalvo & Associates
Listed By: James Mirabal
Source: Phyllisbrowning
Added: Oct 18, 2025 Changed: Aug 31 Last Checked: Aug 30 at 5:56PM

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 Mirabal Montalvo & Associates

Investment Insights

Based on property information with market context.

This operating Fuddruckers restaurant is offered for sale as an income-producing property under a triple net lease structure. The restaurant building is situated on approximately 1.38± acres, with additional land area totaling 2.0885± acres along SPID that can be separately platted for future ground lease or pad site development.

The site provides SPID frontage near Crosstown Expressway and includes cross-access with Walmart. The surrounding tenant mix includes Texas Roadhouse, Buffalo Wild Wings, Bubba's 33, Olive Garden, IHOP, Candlewood Suites, Walmart, and Discount Tire, with ESRI 2022 traffic counts reported at 88,451 cars per day.

The property’s current restaurant layout supports long-term food service use, while the additional SPID land area offers flexibility for further development planning based on separately platted opportunities.

Key Highlights

  • Operating Fuddruckers restaurant built in 2004 on an NNN lease
  • 2.0885± acres with SPID frontage near Crosstown Expressway
  • Restaurant building on approx. 1.38± acres with a modern, flexible layout for food service or adaptive reuse

Property Analytics

Current Use

Fuddruckers Restaurant

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Pharmacy Parking Lot & Garage Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

88,451 VPD
Traffic count
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

430
Businesses Nearby
Under-served
Demand for This Use

Demographics for 78416, TX

14,103
Population
5,274
Households
2.7
Avg Household Size
39
Median Age
8%
College-Educated
73%
High-School Grad
3.3 sq mi
ZIP Area
4,274
Density / Sq Mi
$44,726
Median Household Income
$28,611
Median Earnings
$1,066
Median Rent
$93,100
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Operating Fuddruckers restaurant on an NNN lease with SPID frontage near Crosstown Expressway.
Where is this conventional restaurant located?
The property is located at 1949 S Padre Island Drive Corpus Christi, TX.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Operating Fuddruckers restaurant built in 2004 on an NNN lease; 2.0885± acres with SPID frontage near Crosstown Expressway; Restaurant building on approx. 1.38± acres with a modern, flexible layout for food service or adaptive reuse
More about this property
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