Investment Property For Sale in Lubbock County, Texas

Undisclosed Address, Lubbock, TX 79424
Business Opportunity for Sale
Catylist Listing ID: 30781602
Property Subtypes: Food and Beverage
Building Size (RSF): 17,000 SF
Gross Land Area: 1.76 Acres
Sale Price: $1,800,000
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 1/21/2022

Overview / Comments

Investment Property For Sale in Lubbock County, Texas
-Address Undisclosed (Address in Listing is Westar Commercial Realty Office)
-Property located in Lubbock County, Texas
-Includes Class ‘A’ Liquor Store, 54 self storage units, 7 shops, and Lottery
-brand new gas station built in 2021. Pumps do NOT convey with the purchase but include a 10-Year land lease; fuel pumps negotiable.
-Turnkey Investment (all interior sales operated by ‘Shop Keep’ accounting system)
-NOI = $215,000 (approximate)
-CAP Rate = 12.5%
-Sales Price = $1,800,000
-Inventory must be purchased separately at cost ($125,000 approximate)
-Owner will stay on for up to one month to help with new Owner transition
-Buyer must show proof of funds and sign NDA
-Buyer agent commission = 2.5%

Attachments & Media

Additional Details

Industry Segment: Liquor Stores
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 30,269 103,930
Median Age: 39.06 36.46
Households: 12,010 41,781

Contact

Photograph of Listing Agent

Blake H Truett

Westar Commercial Realty West Texas CIE Member
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