Mega Furniture leases former Conn’s HomePlus site in Corpus Christi

Mega Furniture has leased a 52,677-square-foot former Conn’s HomePlus building at 4818 S. Padre Island Drive in Corpus Christi, marking another big-box retail vacancy filled in a high-traffic corridor. The deal highlights continued demand for well-located retail space along South Padre Island Drive as legacy store closures create openings for expanding tenants.

Why it matters: - The lease fills a large-format retail space in one of Corpus Christi’s busiest commercial corridors. - The deal shows continued tenant demand for high-visibility sites with strong traffic, access and surrounding retail uses. - Backfilling former big-box vacancies can help stabilize and re-energize established shopping areas.

What happened: - AUSA Furniture LLC, doing business as Mega Furniture, leased the 52,677-square-foot retail building at 4818 S. Padre Island Drive in Corpus Christi. - Cravey Real Estate Services, Inc. represented the landlord in the transaction. - Asterra Properties represented the tenant. - The property sits on 4.21 acres at the northeast intersection of South Padre Island Drive and Everhart Road. - The site is adjacent to Cavender’s Boot City and Northern Tool + Equipment.

The details: - The property has strong regional accessibility and multiple ingress and egress points. - Traffic counts are approximately 121,000 cars per day on SPID and 20,752 cars per day on Northern Everhart, according to ESRI 2024. - Mega Furniture is a Texas home furnishings retailer with in-stock merchandise that includes furniture, mattresses, dining furniture, home office furnishings, outdoor furniture, home décor and appliances. - The tenant made improvements to the space before opening. - The building was originally constructed in 1973. - Conn’s HomePlus was the most recent occupant. - Conn’s filed for Chapter 11 bankruptcy protection in July 2024 and later closed all of its stores nationwide after failing to secure a buyer.

Between the lines: - The lease reflects continued strength in Corpus Christi retail, especially along the SPID corridor. - Pinkham said large-box space in well-located corridors continues to draw serious tenant interest when visibility, access and surrounding retail synergy line up. - Pinkham also said vacancies left by legacy retailers are creating opportunities for expanding users to move into proven retail locations. - Retail leasing activity in Corpus Christi exceeded 100,000 square feet early in 2026, with newly available space helping meet tenant demand and support expansion strategies. - Investors and tenants have remained focused on high-traffic, well-located assets along South Padre Island Drive.

What’s next: - The SPID corridor is likely to remain a key target for retailers seeking visibility and traffic. - Continued leasing of former big-box space could bring more activity to comparable vacancies across Corpus Christi. - Cravey said the market’s momentum has continued as the year began.

The bottom line: - Mega Furniture’s move is another sign that Corpus Christi’s strongest retail corridors are still attracting tenants as older vacancies get absorbed.