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427 NAS Dr
Corpus Christi, TX 78418
Retail Property For Sale

Investment Highlights

  • Sale-Leaseback with Owner-Occupant Providing Immediate Income
  • Fully Fenced and Gated Site
  • Functional Layout Suitable for Retail or Service-Oriented Users

Executive Summary

Finial Group is pleased to present an exclusive investment opportunity at 427 NAS Drive, a free-standing, single-tenant retail property located in Corpus Christi, Texas. This offering provides investors with the ability to acquire a stabilized asset through a structured sale-leaseback, delivering immediate cash flow backed by an in-place operating business.
Strategically positioned on approximately 0.72 acres (31,363 square feet), the property features a 2,540 square foot retail building with strong visibility and accessibility. The site benefits from its proximity to key traffic corridors and surrounding commercial activity, supporting long-term tenant viability and consistent consumer demand within the trade area.
The offering is structured as a sale-leaseback at a rental rate of $16.00 per square foot, providing a predictable income stream at an 8.00% capitalization rate. This structure allows investors to secure day-one yield while mitigating lease-up risk, making it an attractive option for both passive investors and yield-focused capital.
Corpus Christi continues to demonstrate steady economic fundamentals driven by port activity, tourism, and regional population growth. The combination of a well-located retail asset, committed tenancy, and above-market yield positions 427 NAS Drive as a compelling addition to any investment portfolio.
This investment represents a rare opportunity to acquire a high-yield retail asset with built-in income and favorable pricing dynamics. With its strong fundamentals, strategic location, and structured cash flow, 427 NAS Drive offers both stability and upside potential in a growing coastal Texas market.

Property Facts

Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,540 SF
Building Class
C
Year Built
2012
Price
$706,257 CAD
Price Per SF
$278.05 CAD
Cap Rate
8%
NOI
$56,501 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
0.72 AC
Zoning
I-2
Parking
12 Spaces (8.09 Spaces per 1,000 SF Leased)
Frontage
38’ on Nas Dr

Amenities

  • Bus Line
  • Restaurant
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
382314
Land Assessment
$176,014 CAD
Improvements Assessment
$354,712 CAD
Total Assessment
$530,726 CAD
  • Listing ID: 40598707

  • Date on Market: 2026-05-20

  • Last Updated:

  • Address: 427 NAS Dr, Corpus Christi, TX 78418

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