30,624 sf Pad Site for Ground Lease

Vacant Land for Lease
Catylist Listing ID: 30751701
Property Subtypes: Retail, Retail-Pad, Other
Gross Land Area: 30,624 SF
Lease Rate: $2,250 (Monthly)
$0.88 PSF (Annual)
Lease Types: Absolute NNN
Last Updated: 9/2/2021

Overview / Comments

This is an excellent opportunity to ground lease a pad-site for a standalone retail store or fast food restaurant! The parcel is located at the intersection of Avenue Q and Avenue P, which have traffic counts of approximately 15,000 and 5,000 vehicles per day, respectively. The site was a former gas station and is located within the 500-year flood plain. It is zoned C-4 and has fantastic visibility and access.

The owner is open to a variety of lengths for the lease term, so long as the primary term is at least 10 years. The base rent will escalate 5% annually.

All information in this listing was obtained from public sources deemed reliable and may contain inaccuracies. The owner has no engineering or environmental reports on the site. Lessee should perform their own feasibility studies.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R124664
Zoning: C-4
Property Visibility: Excellent
Largest Nearby Street: Avenue Q
In Flood Plain?: Yes
Available Utilities: Electric, Water, Sewer

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,140 93,727 193,604
Median Age: 30.84 31.5 32.26
Households: 5,646 34,428 73,914

Contact

Photograph of Listing Agent

Landon Cole

RE/MAX Lubbock West Texas CIE Member
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