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9929 South Padre Island Drive
Corpus Christi, TX 78418
Asking Price
$2.50M
Cap Rate
6.62%
Asset Type
Shopping Center Retail
Class
Class B
What's Special
Retail | 6.62% CAP | 18,250 SqFt <ul><li>Stabilized Retail Strip Center</li><li>Strong Frontage on S Padre Island Dr (High Traffic Corridor)</li><li>Diverse Tenant Mix (Medical, Retail, Service)</li><li>Ample Parking + Easy Access</li><li>High Visibility Monument Signage</li><li>Value-Add Potential (Rent Growth + Expense Optimization)</li></ul>
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NOI
$80,000
Cap Rate
3.20%
DSCR
0.54
Underwater
Cash-on-Cash
-9.12%
Monthly Payment
$12,368.636
Annual Cash Flow
$-68,423.631
