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    10425 Padre Island Dr Corpus Christi, TX 78418

    For Lease
    Contact for pricing

    High-traffic HEB-adjacent land lease

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 45,170 sq ft pad site presents a unique ground lease opportunity in Corpus Christi, Texas. Located at the highly visible intersection of Waldron and South Padre Island Drive (SPID), this 1.04-acre lot boasts a prime location directly facing one of Corpus Christi's largest HEB grocery stores. The CG-1 zoning allows for a variety of uses, including restaurants, medical facilities, and retail establishments. This is a rare opportunity to secure a highly desirable location on SPID, a major thoroughfare with exceptional traffic counts: 31,815 vehicles daily (eastbound) and 62,506 vehicles daily (westbound) in 2022. The site offers convenient access via two driveways/streets leading into the HEB Plus store. The property is offered as a ground lease only, with all construction costs borne by the tenant. Tenant is responsible for all property taxes. The surrounding area demonstrates strong demographics, with an average household income within a two-mile radius exceeding $93,874 (ESRI data). This is one of the last remaining pad sites along SPID, making it an exceptionally attractive investment. The annual ground lease rate is $125,000. Don't miss this chance to establish your business in a thriving Corpus Christi location.

    Property Features for 10425 Padre Island Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF

    HighLights

    • 1.04‑acre pad site available for ground lease in Corpus Christi, TX, at the highly visible intersection of Waldron Rd. and S. Padre Island Dr.
    • Prime location directly across from a major HEB grocery store.
    • CG‑1 zoning allows for various uses, including retail, restaurants, and medical facilities.
    • Exceptional traffic counts: 31,815 vehicles (eastbound) and 62,506 vehicles (westbound) daily (2022 data).
    • Strong demographics: Average household income within 2 miles exceeds $93,874 (ESRI data).
    • Annual ground lease rate: $125,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.281642
    Latitude
    27.66703

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    FAQs

    What type of property is this?
    Land - High-traffic HEB-adjacent land lease
    Where is this land located?
    The property is located at 10425 Padre Island Dr Corpus Christi, TX.
    What are key features of this property?
    This property features: 1.04-acre pad site available for ground lease in Corpus Christi, TX, at the highly visible intersection of Waldron Rd. and S. Padre Island Dr.; Prime location directly across from a major HEB grocery store.; CG-1 zoning allows for various uses, including retail, restaurants, and medical facilities.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10425 Padre Island Dr Corpus Christi, TX 78418
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