Shopping Center Space for Lease

Shopping Center for Lease
Catylist Listing ID: 30652608
Property Subtypes: Neighborhood Center
Contiguous Space: 1,293 SF
Building Size (RSF): 1,293 SF
Gross Building Area: 50,197 SF
Lease Rate: $24 PSF (Annual)
Base Monthly Rent: $2,586
Lease Types: NNN
Building Name: The HUB Shopping Center
Usable Size (USF): 1,293 SF
Last Updated: 1/11/2021

Overview / Comments

Retail space in a recently-constructed shopping center on Milwaukee Avenue in west Lubbock is available for a wide variety of retail or 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.

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Suite: 7604-600 1,293 SF $24 PSF (Annual) NNN
Space Available: 1,293 SF
Lease Rate: $24 PSF (Annual)
$2,586 (Monthly)
Lease Type: NNN
Space Description: Space formerly built-out for restaurant use (Eat & Art Cafe); includes 1,000-gallon grease trap in place. Current tenant's lease expires 5/31/2021, but there is the potential of structuring an early termination of the lease for a replacement tenant.
Date Available: 6/1/2021
Lease Term: 120 Months
Space Type: Relet

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R325680
Zoning: C-2
Area 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: 2016
Zoning Description: C-2

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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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