Salem Village Annex

Shopping Center for Sale
Catylist Listing ID: 30223994
Property Subtypes: Community Center, Neighborhood Center, Strip Center
Building Size (RSF): 15,000 SF
Gross Land Area: 1.12 Acres
Sale Price: $2,050,000
Unit Price: $136.67 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Salem Village Annex
Usable Size (USF): 15,000 SF
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 12/16/2018

Overview / Comments

Salem Village Annex is a 15,000 sq. ft. shopping center with 100% occupancy located on the most heavily-traveled thoroughfare in south Lubbock in an area of numerous other shopping centers, restaurants, office buildings, hotels and high density single family development. Retailers in a one-mile radius include Walmart, SteinMart, Tuesday Morning, Hobby Lobby, Michaels, PetSmart, Old Navy, Shoe Carnival, Specs, Office Max, TJ Maxx, and Bed Bath & Beyond. The 1.7 million sq. ft. South Plains Mall is located one mile to the west of the Subject Property.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1985

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,884 117,311 203,563
Median Age: 39.18 34.85 32.36
Households: 5,705 49,002 79,324
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