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Property profile & analytics
OFF-MARKET
Lifestyle centers

1290 Fm 43 Corpus Christi, TX 78415

24,560 SF Built 2022
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Lifestyle centers
Year built 2022
Total area 24,560 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Francisco Aguilar - State Farm Insurance Agent Insurance Agency
  • Third Coast Water & Ice Mill Industrial Manufacturer
  • Pelican's SnoBalls Bakery Take-out & Catering
  • Corpus Christi Cooking Club Training Center
  • LONDON HAIR SALON Hair Salon
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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