Southwest Lubbock Investment
Office
for Sale
| Catylist Listing ID: |
30786402 |
| Property Subtypes: |
Medical, Net Leased, Office Building
|
| Building Size (RSF): |
6,630 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$2,599,990 |
| Unit Price: |
$392.16 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Class of Space: |
Class A |
| Sale Terms: |
Undisclosed, Cash to Seller |
| Cap Rate: |
6.85% |
| Last Updated: |
5/20/2022 |
Overview / Comments
The Powell Group is pleased to offer a triple-net investment opportunity in Southwest Lubbock. This 6,630 square foot medical urgent care sits on the corner of 82nd Street and Slide road a high traffic area with approximately 33,000 VPD. The tenant is Covenant Hospital on an original five-year lease with two years remaining, discussions of extending the term to resume at end of 2022. Covenant is one of the largest hospitals serving West Texas. Southwest Lubbock is experiencing a boom in residential real estate with multiple new developments in the surrounding area. This property will be sold as a leasehold estate. Showings by appointment only. Hipaa regulations enforced must contact agent for showings.
33,000 VPD
Lubbock's Growing Southwest Area
Strong National Tenant
|
Additional Details
| Nearest MSA: |
Lubbock |
| County: |
Lubbock |
| Tax ID/APN: |
R83873 |
| Property Visibility: |
Excellent |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
17,279 |
89,283 |
188,008 |
| Median Age: |
42.4 |
36.34 |
32.7 |
| Households: |
7,382 |
37,338 |
73,035 |
|
© Copyright 2001-2022 Catylist. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Lubbock Association of REALTORS® nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
|
