Turn-Key Restaurant with
602 NAS DR Corpus Christi, TX 78418
For Sale
Contact for pricing
A fully built-out restaurant with commercial kitchen equipment, dining area, and ADA-compliant restrooms, ready for occupancy.
Property Size1,938 SF
Price / SF$198.66
Days on Market86
Property Features for 602 NAS DR
General Information
- Standard status
- Active
- Size
- 1,938 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1994
Listing Agency:
KW Commercial Coastal Bend
Listed By:
Will Storbeck · License #722582
Source:
Crexi
Added: Apr 29
Changed: Jul 22
Last Checked: Jul 23 at 1:47PM
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 KW Commercial Coastal Bend
Investment Insights
Based on property information with market context.
This turn-key Flour Bluff restaurant is described as truly “ready to go,” with a fully built-out interior and completed dining space. The commercial kitchen includes a vent hood system and Ansel fire suppression, along with a walk-in cooler, refrigeration, and essential cooking equipment. The layout also features finished dining area furniture and ADA-compliant restrooms.
The property is positioned along NAS Drive and is offered close to the Naval Air Station, with the public remarks noting steady local traffic tied to the base. The building is further supported by major infrastructure upgrades, including a new grease trap, upgraded electrical service, HVAC, water line, and foundation repairs, intended to reduce upfront capital requirements and development risk.
Overall, the offering is presented as a completed restaurant environment with the core operational elements already in place, designed to support a streamlined path to opening.
The property is positioned along NAS Drive and is offered close to the Naval Air Station, with the public remarks noting steady local traffic tied to the base. The building is further supported by major infrastructure upgrades, including a new grease trap, upgraded electrical service, HVAC, water line, and foundation repairs, intended to reduce upfront capital requirements and development risk.
Overall, the offering is presented as a completed restaurant environment with the core operational elements already in place, designed to support a streamlined path to opening.
Key Highlights
- 1994‑built restaurant space fully built out with a finished dining area and ADA‑compliant restrooms
- Complete commercial kitchen includes vent hood system, Ansel fire suppression, walk‑in cooler, refrigeration, and cooking equipment
- Includes furniture and fixtures for the dining area, supporting immediate restaurant occupancy
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.2k | $19.20 |
| − Vacancy | −$2.8k | −$1.44 |
| EGI | $34.4k | $17.76 |
| − OpEx | −$8.6k | −$4.44 |
| NOI | $25.8k | $13.32 |
1,938 SF · lease $19.20/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$368.8K
$322.7K – $430.2K
NOI $25,814 @ 7.0% cap · market cap 6.70%
Second Best
Industrial
$185.4K
$162.2K – $216.3K
NOI $12,979 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$740.8K
$648.2K – $864.3K
NOI $51,859 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - A fully built-out restaurant with commercial kitchen equipment, dining area, and ADA-compliant restrooms, ready for occupancy.
Where is this conventional restaurant located?
The property is located at 602 NAS DR Corpus Christi, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1994‑built restaurant space fully built out with a finished dining area and ADA‑compliant restrooms; Complete commercial kitchen includes vent hood system, Ansel fire suppression, walk‑in cooler, refrigeration, and cooking equipment; Includes furniture and fixtures for the dining area, supporting immediate restaurant occupancy
