5425 Padre Island DrCorpus Christi, TX 78411

Property Details for 5425 Padre Island Dr

Year built

1989

Lot size

16.86 AC

Property size (Sq ft)

11,941 SF

Property type

Retail space

APN

5342-0003-0140

APU

534200030140

Description

This exceptional retail opportunity is located within Moore Plaza, a 380,592 square foot Class A super-regional power center situated on South Padre Island Drive between Staples Street and Blanche Moore Drive in Corpus Christi, Texas. This high-traffic location benefits from its proximity to one of Texas' most popular tourist destinations and its placement across from La Palmera Mall. The available spaces range from 724 to 2,563 square feet, all offering second-generation spaces in a "white box" condition, ideal for customization. These spaces are perfect for smaller retail businesses looking to establish a presence in a thriving commercial area. The property boasts a strong anchor tenant lineup including HEB, Target, Hobby Lobby, Mardel, Marshall's, Burlington, and Total Wine, ensuring high foot traffic and visibility. The lease rate is available upon request. Additionally, there are NNN expenses of $8.17 per square foot per year (2023), subject to change, which are added to the base rent and include common area maintenance, taxes, and insurance. This is a fantastic chance to secure a retail space in a premier location with significant potential for growth and success. Contact us today to learn more about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $2,861,170

  6.5%

  $2,641,080

  7%

  $2,452,430

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,596,700

  Geo Method

  $2,822,380

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,073,430

  Mixed-Use / Specialty

  $2,662,750

  Hospitality / Lodging

  $1,994,050

  Office

  $2,679,320

  Institutional / Educational

  $2,779,300

  Residential Income

  $3,251,780

  Multifamily

  $3,727,660

  Automotive / Energy

  $2,382,260

  Parking / Income-Based Land

  $791,373

  Restaurant / Food Service

  $1,451,270

  Healthcare / Senior Housing

  $2,698,720

Location Insight

City

Corpus Christi

County

Nueces

State

Texas

Latitude

27.7081

Longitude

-97.3757

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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