1290 Fm 43 Corpus Christi, TX 78415
Exceptional investment opportunity in Corpus Christi, Texas. This 24,560 square foot, 100% occupied shopping center and storefront boasts a 6.75% cap rate and a strong NOI of $506,000. Built in 2022 with CMU construction, the property features prime frontage on FM 43, directly across from the London School District. Its unique selling point is a turf courtyard with a stage, ideal for community events. The property benefits from a stabilized investment profile with NNN leases and built-in rent bumps of 2, 3, 4, and 5% year over year. Located in a rapidly growing area of Corpus Christi (seven times faster than the city average), this multi-tenant property offers significant long-term potential. The commercial zoning ensures flexibility and future development opportunities. The asking price is $7,500,000. This is a rare chance to acquire a high-performing, newly constructed retail center in a prime location. The property's superior construction materials also contribute to lower insurance costs.
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Francisco Aguilar - State Farm Insurance Agent Insurance Agency
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Third Coast Water & Ice Mill Industrial Manufacturer
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Pelican's SnoBalls Bakery Take-out & Catering
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Corpus Christi Cooking Club Training Center
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LONDON HAIR SALON Hair Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.