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London Square Plaza 1290 FM 43 24,560 SF 100% Leased Retail Building Corpus Christi, TX 78415 $5,985,000 ($243.69/SF) 7.99% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased Out
- Turf Courtyard for Community Engagement
- Prime Frontage
EXECUTIVE SUMMARY
GREAT OPPORTUNITY to own the first plaza built in the London area of Corpus Christi. The plaza is conveniently on the corner across from the London School District and on the main highway for the area. Prime Frontage in the area that is growing 7 times faster than the rest of Corpus Christi. The plaza has a turf courtyard with a stage for community engagement and events. Newly Constructed as of November 2022 out of CMU block, the 10 unit plaza is 100% leased out with tenants on Scaled Up NNN leases. Contact today for more information.
Seller is open to offers.
(The listing agent is related to the seller)
Seller is open to offers.
(The listing agent is related to the seller)
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
24,560 SF
Building Class
B
Year Built
2022
Price
$5,985,000
Price Per SF
$243.69
Cap Rate
7.99%
NOI
$478,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
2.00 AC
Zoning
OCL - Commercial in the ETJ
Parking
90 Spaces (3.66 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Courtyard
- Restaurant
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 256782 | Improvements Assessment | $4,532,535 |
| Land Assessment | $87,120 | Total Assessment | $4,619,655 |
PROPERTY TAXES
Parcel Number
256782
Land Assessment
$87,120
Improvements Assessment
$4,532,535
Total Assessment
$4,619,655
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London Square Plaza | 1290 FM 43
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