The HUB Shopping Center

Shopping Center for Lease
Catylist Listing ID: 30217858
Property Subtypes: Community Center, Neighborhood Center, Strip Center
Contiguous Space: 2,015 - 4,197 SF
Building Size (RSF): 50,197 SF
Lease Rate: $24 PSF (Annual)
Base Monthly Rent: $8,394
Lease Types: NNN
Building Name: The HUB Shopping Center
Usable Size (USF): 50,197 SF
Last Updated: 10/22/2019

Overview / Comments

Retail space in a recently-constructed shopping center on Milwaukee Avenue in west Lubbock. Space from 1,749 sq. ft. to 4,197 sq. ft. is available for a wide variety of retail, restaurant, and service industry uses. Traffic along Milwaukee Avenue continues to rapidly grow as development continues along the corridor. North and south bound traffic at 73rd & Milwaukee exceeds that of 57th Street & Slide Road in front of South Plains Mall (City of Lubbock 2015 Traffic Count).

Space Available from 1,749 sq. ft., 2,181 sq. ft. and 2,015 sq. ft. (can be combined up to 4,197 sq. ft.)
Suitable for Restaurant, Retail or Service Industry Use
Located on Lubbock's Most Rapidly Growing Commercial Thoroughfare
Ultimate Location * Exceptional Traffic * Effortless Access
Co-tenants in the Shopping Center Include Chop Chop Rice Co., Burgerim, Urban Bricks, Verizon, Edward Jones, Kadiza Hair Salon, Tea 2 Go, Signature Stag, Cycle Bar, King Louie's, Hotworx, among others

Expand All Available Space

Suite: 7604-400/500 4,197 SF $24 PSF (Annual) NNN
Space Available: 4,197 SF
Minimum Divisible: 2,015 SF
Lease Rate: $24 PSF (Annual)
$8,394 (Monthly)
Lease Type: NNN
Space Description: Former restaurant space with kitchen area, nearly new walk-in cooler (5 months of use), 1000-gallon grease trap, vent hood (will most likely require relocation), and HVAC capacity to meet restaurant requirements. The space can be subdivided into two units of 2,015 sq. ft. and 2,181 sq. ft. The landlord is offering a $15.00 per sq. ft. TI allowance for additional improvements to the space.
Space Subcategory: Strip Center, Neighborhood Center
Date Available: 3/8/2018
Lease Term: 120 Months
Space Type: Relet

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R325680
Retail Clientele: General, Family, Business, Recreation
Property Visibility: Excellent
Site Description: Anchored by an 800,000 sq. ft. power center one mile to the north and a Walmart one-half mile to the south, The HUB Shopping Center is strategically located along Lubbock's most rapidly-growing commercial corridor. Current development in the corridor includes single-family residential, retail, restaurant, multi-family, office, financial and automotive. Recent and planned commercial development along Milwaukee Avenue continues to enhance this corridor for local residents, while making it an increasingly popular shopping and dining destination for the more than 640,000 people that utilize Lubbock's offerings as a hub for shopping, dining, entertainment and medical facilities.
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Excellent
Year Built: 2017
Parking Type: Surface
Sprinklers: Wet

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,099 64,080 152,930
Median Age: 33.88 34.81 33.6
Households: 3,835 26,700 60,045
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