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Mail & More Plaza 14493-A-14493-I S Padre Island Dr 12,097 SF 100% Leased Retail Building Corpus Christi, TX 78418 $5,932,660 CAD ($490.42 CAD/SF) 6.07% Cap Rate


INVESTMENT HIGHLIGHTS
- South Padre Island Drive is a high traffic thoroughfare for tourist destinations and Island residents on North Padre Island
EXECUTIVE SUMMARY
This property consists of 2 buildings on the corner of South Padre Island Drive and Headsail Street located in the heart of North Padre Island since the mid-1990’s serving the local island community with an array of tenants providing local residents with services and products. The anchor tenant, Isle Mail & More provides U.S. mailing services, as well as mailbox rentals, Office supplies and services, FedEX and UPS services. Deluxe Nails provides a full array of nail care and waxing. Padre Pizzeria, an inviting and charming pizza joint, where you can enjoy lunch or an evening dinner with family for a hand-tossed pizza. A Plus Cleaners provides laundry, dry cleaning and alterations services. Cabana Pantry offers spice blends, rubs, seasonings, recipe kits, and fancy pantry items, quality kitchen utensils and morning coffee service. On Island Time serves the island with full-service property management offering vacation rentals and home watch services. Coastal Financial Services, a dedicated and independent full-service investment firm, is committed to building financial wealth & management. The International Dance Studio offers dance and exercise classes for young aspirating students and adults. Aerial Video is available upon request.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
12,097 SF
Building Class
B
Year Built/Renovated
1996/2025
Price
$5,932,660 CAD
Price Per SF
$490.42 CAD
Cap Rate
6.07%
NOI
$360,112 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.34 AC
Zoning
B-2A - Commercial
Parking
91 Spaces (7.52 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 263710 | Improvements Assessment | $1,266,858 CAD |
| Land Assessment | $883,750 CAD | Total Assessment | $2,150,608 CAD |
PROPERTY TAXES
Parcel Number
263710
Land Assessment
$883,750 CAD
Improvements Assessment
$1,266,858 CAD
Total Assessment
$2,150,608 CAD
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Mail & More Plaza | 14493-A-14493-I S Padre Island Dr
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