Investment Highlights
Strong-performing Neighborhood Center with Top-ranked HEB Store.
Huntington Square is a very well-established, dynamic shopping center located in the Southside neighborhood of Corpus Christi. With 90,768 square feet of existing retail space, Huntington Square is leased by a strong mix of convenience-driven retailers and national restaurants and directly benefits from an adjacent, top-tier 174,134 square foot HEB grocery store (shadow anchor). There are twenty-one (21) tenants at Huntington Square including Dollar Tree, Jason’s Deli, Freedom Fitness, Sally Beauty, Supercuts, Pizza Hut, T-Mobile, The Joint Chiropractic, Ferguson Home, HTeaO (GL pad) and many others.
Substantial Value-add Opportunity---Adjacent Development Tract.
Currently 93.8% leased, Huntington Square includes a fully entitled, separately platted 4.36-acre tract of land adjacent to the shopping center and HEB’s store (see site plan). The development tract could be monetized by adding more retail/restaurant space to the existing shopping center or sold off separately allowing for a future material reduction in the overall basis of Huntington Square.
Tremendous Placer.ai Rankings - #4 Ranked HEB Companywide.
The HEB store at Huntington Square is ranked in the top 1% of all HEB stores companywide with more than 3.6 million annual customer visits at this HEB location. In addition, Huntington Square receives more than 2.2 million annual customer visits for a combined 5.8 million customer visits that benefit Huntington Square shopping center according to Placer.ai. Top-ranked tenants at Huntington Square include Dollar Tree, HTeaO, Jason’s Deli, T-Mobile, Pizza Hut and Marble Slab.
Below-Market Rents & Mark-to-Market with Compelling Rent Growth.
Over a 10-year hold period, the compound annual growth rate (CAGR) at Huntington Square exceeds 2.5% based on organic rent growth and
using conservative market lease rate assumptions. Existing rents at Huntington Square average $19.77/SF and are considered well-below
market in the Corpus Christi submarket. Approximately 56% of the existing tenants at Huntington Square do not have renewal options or
have FMV options, allowing an investor to materially increase existing shopping center rents over the hold period.
Affluent Household Incomes and Dense Population.
Huntington Square is surrounded by very affluent incomes and dense population. Average household incomes (2024) exceed $94,528 within
a 1-mile radius with more than 17,051 residents. Within a 3-mile radius of the center, there are more than 116,342 residents with average
household incomes exceeding $98,486. Within a 5-mile radius, there are more than 189,389 residents with average household incomes of
$95,715.
Excellent Visibility and Access with Signage.
Huntington Square is located at the signalized, southwest corner of Saratoga Blvd. and Staples Street with more than 68,283 vehicles
passing by the center each day. The shopping center maintains seven (7) access points allowing convenient ingress/egress for shoppers and
features three (3) prominent, multi-tenant pylon signs.
Site Plan
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Demographics
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Location
Photo Gallery
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