1824 Parkway Drive — Sale in Lubbock, TX

  • Price: $3M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Lubbock, TX 79403
  • Size: 19,416 SF

Investment Figures

Cap rate
6.42%
Price per square foot
$155

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

6.42% 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. Building SF: 19416 | Land Size: 3.81 Ac | Listing Type: FOR SALE

Market Context

This retail in Lubbock, TX is listed for sale at $3,000,000 across 19,416 SF ($155/SF). It is offered at an approximate 6.4% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 71 days. Compare it against other retail listings for sale in Lubbock, TX — view the full market.

Contact

Explore this market

Similar Retail Business for Sale in Lubbock, TX