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

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R83873
Property Visibility: Excellent

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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

Contact

Photograph of Listing Agent

David Powell, CCIM

The Powell Group at Keller Williams Commercial
West Texas CIE Member
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