1290 Fm 43 Corpus Christi, TX 78415
- Lifestyle centers
- 24,560 SF
Current Use by Public Records
- Francisco Aguilar - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency
- Third Coast Water & Ice / Water Mill
- Pelican's SnoBalls / Dessert Shop
- Corpus Christi Cooking Club / Cooking Class
- LONDON HAIR SALON / Hair Salon
Property Details for 1290 Fm 43
- Year built
- 2022
- Property size
- 24,560 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.477
- Latitude
- 27.6885
