Listed by TRE Teifke Real Estate
$5,984,990
London Square Plaza
Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 24,560
Cap Rate 7.66%
NOI $458,560
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Broker Co-Op No
Year Built 2022
Zoning Commerical
Investment Type Stabilized
100% Leased Out Cash Flowing Investment!
Marketing description
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 plaza is a 100% leased out with tenants on NNN leases. Contact today for more information.
Investment highlights
Prime Frontage on FM 43 right across from the London School District.
Only Plaza with a Turf Courtyard in Corpus Christi.
CMU Construction saves on Insurance Costs
Listing Contacts
Listed by TRE Teifke Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$458,560.00
$38,213.33/mo
Valuation Metrics
0
DSCR
7.66%
Cap Rate
7.66%
ROI
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