7.25% NNN Shopping Center in Opportunity Zone
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: |
$3,000,000 |
| Unit Price: |
$154.51 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: |
7.5% |
| Average Occupancy Rate: |
86 |
| Last Updated: |
10/11/2021 |
Overview / Comments
7.25% NNN Investment Opportunity in an opportunity zone! Built in 2009, this shopping center has occupancy and is located in an established neighborhood. Current tenants include Pizza Hut, Cricket Wireless, Community Health Center of Lubbock, Renal Care, Health Mart Pharmacy.
The center is located on US Highway 82 (Parkway Drive) with high visibility and long term tenants.
|
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 |
| Construction/Siding: |
Stucco |
| Parking Type: |
Surface |
| Total Parking Spaces: |
94 |
| 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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The information presented herein is provided as is, without warranty of any kind.
Neither Lubbock Association of REALTORS® nor
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