Pad Site for Ground Lease / Build-to-Suit

Vacant Land for Lease
Catylist Listing ID: 30751701
Property Subtypes: Retail, Retail-Pad, Other
Gross Land Area: 30,624 SF
Lease Rate: $30,000 (Annual)
$0.98 PSF (Annual)
Base Monthly Rent: $2,500
Lease Types: Absolute NNN
Last Updated: 1/21/2022

Overview / Comments

This is an excellent opportunity for ground lease or build-to-suit on a busy intersection in Lubbock, TX. This would be a great pad site for a standalone retail store or fast food restaurant next to the Briercroft Center, which is undergoing renovations and is currently 75% leased. 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. It is a quarter of a mile from 50th Street, which has traffic counts of over 29,000 vehicles per day. 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 ground lease or build-to-suit options, so bring all ideas. Offering a 3% buyer's agent commission.

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


Photograph of Listing Agent

Landon Cole

RE/MAX Lubbock Commercial West Texas CIE Member
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