NNN Investment Opportunity - Shopping Center for Sale
Office
for Sale
| Catylist Listing ID: |
30534870 |
| Property Subtypes: |
Medical, Mixed Use, Flex Space, Net Leased, Other
|
| Building Size (RSF): |
19,416 SF
|
| Gross Land Area: |
3.81 Acres
|
| Sale Price: |
$3,100,000 |
| Unit Price: |
$159.66 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN) |
| Building Name: |
Parkway Place |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
6.0% |
| Average Occupancy Rate: |
86 |
| Last Updated: |
1/19/2020 |
Overview / Comments
|
NNN Investment Opportunity - Built in 2009, this shopping center is located in an established neighborhood and only has one medical office vacancy. Current tenants include Pizza Hut, Cricket Wireless, Community Health Center of Lubbock, Renal Care, Health Mart Pharmacy.
|
Additional Details
| Nearest MSA: |
Lubbock |
| County: |
Lubbock |
| Taxing Authority: |
Lubbock CAD |
| Tax ID/APN: |
R316848 |
| Zoning: |
RETAIL |
| Property Visibility: |
Excellent |
| Highway Access: |
US 82, Marsha Sharp Freeway, and I-27 |
| Airports: |
LBB |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Year Built: |
2009 |
| Parking Type: |
Surface |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Zoning Description: |
Retail |
| Lot Frontage: |
287 |
| Lot Depth: |
378 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
PARKWAY TR B |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,248 |
37,222 |
113,708 |
| Median Age: |
30.16 |
29.35 |
30.74 |
| Households: |
2,099 |
13,052 |
40,799 |
|
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