4th & Frankford Shopping Center for Sale

Shopping Center for Sale
Sale Pending
Catylist Listing ID: 30794569
Property Subtypes: Strip Center
Status: Pending
Building Size (RSF): 13,580 SF
Gross Building Area: See Agent
Sale Price: $2,545,000
Unit Price: $187.41 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/18/2022

Overview / Comments

The Shopping Center is located in Lubbock, TX and consists of a one-story building of 13,580 rentable square feet. The Structure currently consists of 7 Suites, 6 of which are occupied with long term leases, with a potential for 8 Suites or more. Constructed in 2000, the property is positioned in a retail location near the intersection of Frankford Ave. and 4th Street with a traffic count of 21,946 and 20,493 VPD respectively. The property further benefits from the visibility from it’s shadow anchor Walmart Supercenter and direct access to the Loop 289 Freeway, the primary freeway serving the Lubbock market.

The Property Is now being offered at below replacement cost for a significant value add potential.

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R148265
Zoning: C3
Retail Clientele: General, Family, Recreation
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 1
Parking Type: Surface
Total Parking Spaces: 100

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,243 67,766 159,965
Median Age: 26.86 29.57 31.09
Households: 5,571 26,884 63,068

Contact

Photograph of Listing Agent

Randy Egenbacher

Egenbacher Real Estate
West Texas CIE Member
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