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Shopping Strip

Shadow Hills Shopping Center

305 Frankford Ave, Lubbock, TX 79416

Listing Price: $2,685,000

Cap Rate
6.05%
Gross SF
11,201
Rentable SF
11,201
Price/Gross SF
$239.71
Lot Size
1.16 acres
Year Built
2005

Investment Overview

The subject property is located on Frankford Avenue, near the intersection of Frankford Avenue and 4th Street. Traffic counts in front of the property exceed 21,096 vehicles per day on Frankford Avenue. The property is near a top performing Walmart Supercenter, ranking in the 89th percentile based on annual visitors to all Walmart stores in the state of Texas and the 92nd percentile in the United States (Source: Placer Labs Inc.). Other retailers in the area include Bahama Buck's, Sonic Drive-in, Wendy's, Little Caesars Pizza, Taco Bell, GameStop, Chick-fil-A, Raising Cane's, Dollar Tree, WingStop, Cato, Sally Beauty Supply, Spec's, Whataburger, and many others. The surrounding area is densely populated with more than 152,675 residents within a five-mile radius.

Investment Highlights

  • 11,201-Square-Foot, Multi-Tenant Retail Center | Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net
  • Complementary Mix of Internet-Resistant, Service-Oriented Businesses
  • Current Average Rents are Well Below Market
  • Adjacent to a Top Performing Walmart Supercenter | Ranked in the 89th Percentile for the State of Texas and 92nd Percentile in the United States Based on Consumer Traffic Compared to Other Walmart Locations (source: Placer Labs Inc.)

Exclusively Listed By

Shopping Strip

Shadow Hills Shopping Center

Listing Price: $2,685,000

Cap Rate
6.05%
Gross SF
11,201
Rentable SF
11,201
Price/Gross SF
$239.71
Lot Size
1.16 acres
Year Built
2005

Investment Highlights

  • 11,201-Square-Foot, Multi-Tenant Retail Center | Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net
  • Complementary Mix of Internet-Resistant, Service-Oriented Businesses
  • Current Average Rents are Well Below Market
  • Adjacent to a Top Performing Walmart Supercenter | Ranked in the 89th Percentile for the State of Texas and 92nd Percentile in the United States Based on Consumer Traffic Compared to Other Walmart Locations (source: Placer Labs Inc.)

Investment Overview

The subject property is located on Frankford Avenue, near the intersection of Frankford Avenue and 4th Street. Traffic counts in front of the property exceed 21,096 vehicles per day on Frankford Avenue. The property is near a top performing Walmart Supercenter, ranking in the 89th percentile based on annual visitors to all Walmart stores in the state of Texas and the 92nd percentile in the United States (Source: Placer Labs Inc.). Other retailers in the area include Bahama Buck's, Sonic Drive-in, Wendy's, Little Caesars Pizza, Taco Bell, GameStop, Chick-fil-A, Raising Cane's, Dollar Tree, WingStop, Cato, Sally Beauty Supply, Spec's, Whataburger, and many others. The surrounding area is densely populated with more than 152,675 residents within a five-mile radius.

Exclusively Listed By

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