For Sale
$7,500,000

1290 Fm 43 Corpus Christi, TX 78415

High-Yield Retail Investment, 100% Leased

Property Records

Overview

Added:
Jan 24
Days on market:
95
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.

Highlights

  • $7,500,000 asking price for a stabilized retail investment.
  • 24,560 square foot shopping center/storefront in Corpus Christi, TX.
  • 6.75% cap rate with a $506,000 NOI.
  • 100% occupancy with NNN leases and 2-5% annual rent bumps.
  • 2022 construction featuring CMU construction, prime FM 43 frontage, and a unique turf courtyard.

Property Details for 1290 Fm 43

Property type
Lifestyle centers, Power centers
Square Feet
24,560 SF
Year Built
2022

Location Insight

City
Corpus Christi
County
Nueces
State
Texas
Latitude
27.6885095
Longitude
-97.4770278

FAQs

What type of property is this?
Lifestyle center - High-Yield Retail Investment, 100% Leased
Where is the lifestyle center located?
The property is located at 1290 Fm 43 Corpus Christi, TX.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: $7,500,000 asking price for a stabilized retail investment.; 24,560 square foot shopping center/storefront in Corpus Christi, TX.; 6.75% cap rate with a $506,000 NOI.
How can I contact the broker?
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1290 Fm 43
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