NNN RETAIL INVESTMENT
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||Net Leased Investment (NNN)
||Cash to Seller
Overview / Comments
Prime NNN Retail Investment opportunity located in North Lubbock. Property offers 4 units currently fully occupied with 3 strong tenants. Tenants include: Prosperity bank (formerly American State) which operates 37 locations in 21 communities in West Texas has 3 additional 5-year lease options ties to CPI, Fred Loya Insurance company, a National company with 700 offices across 10 States has 1 additional lease option for 5-years at market rate, and Garza's Barber Shop with 1 additional 2-year option at market rate.
Subject property is located in a dense retail corridor 4 blocks North of Texas Tech University Campus, student housing, and near recently built restaurants and others including: Popeyes, Panda Express, KFC, Chick- Fil -A , and more. The property is situated in an area that continues to benefit from revitalization projects moving North on University Avenue including: a new hotel project, and a new Retail center currently under construction within 2 blocks of the site.
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