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Shopping Strip

4th Street Retail Plaza

5718 4th St, Lubbock, TX 79416

Listing Price: $1,632,000

Cap Rate
7.00%
Gross SF
7,025
Rentable SF
7,025
Price/Gross SF
$232.31
Lot Size
0.78 acres
Year Built
1990

Investment Overview

4th Street Retail Plaza is a 7,025-square-foot, multi-tenant retail center located in a densely populated area of Lubbock, Texas. The center is currently 100 percent occupied, and all leases are triple-net. Tenants are a complementary mix of internet-resistant businesses including AT&T, Endzone Liquor, and Fancy Nails & Spa. AT&T and Endzone Liquor are long-term tenants, having occupied the center for over 22 years and 13 years, respectively. The AT&T store has a strong guarantee from the largest AT&T authorized retailer in the nation. Endzone Liquor and Fancy Nails & Spa leases both have personal guarantees. Originally constructed in 1990, the center is situated on 0.78 acres with concrete parking.

The subject property is located on 4th Street, near the signalized intersection of 4th Street and Frankford Avenue and just west of Loop 289. Traffic Counts in front of the property exceed 17,280 vehicles per day on 4th Street. The property is near a top performing Walmart Supercenter, ranking in the 82nd percentile based on annual visitors to all Walmart stores in the state of Texas and the 88th percentile in the United States (Source: Placer Labs Inc.). Other retailers in the 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, Slim Chickens, and many others. The surrounding area is densely populated with more than 152,244 residents within a five-mile radius.

Investment Highlights

  • Three-Tenant Retail Center | 100% Occupied | All Leases are Triple-Net
  • Shadow Anchored by a Top Performing Walmart Supercenter
  • AT&T Lease is Guaranteed by the Largest AT&T Authorized Retailer in the Nation | The Other Two Leases have Personal Guarantees
  • Located Near the Signalized Intersection of 4th Street and Frankford Avenue | 17,281 Vehicles per Day on 4th Street | 21,096 Vehicles per Day on Frankford Avenue

Exclusively Listed By

Financing By

Shopping Strip

4th Street Retail Plaza

Listing Price: $1,632,000

Cap Rate
7.00%
Gross SF
7,025
Rentable SF
7,025
Price/Gross SF
$232.31
Lot Size
0.78 acres
Year Built
1990

Investment Highlights

  • Three-Tenant Retail Center | 100% Occupied | All Leases are Triple-Net
  • Shadow Anchored by a Top Performing Walmart Supercenter
  • AT&T Lease is Guaranteed by the Largest AT&T Authorized Retailer in the Nation | The Other Two Leases have Personal Guarantees
  • Located Near the Signalized Intersection of 4th Street and Frankford Avenue | 17,281 Vehicles per Day on 4th Street | 21,096 Vehicles per Day on Frankford Avenue

Investment Overview

4th Street Retail Plaza is a 7,025-square-foot, multi-tenant retail center located in a densely populated area of Lubbock, Texas. The center is currently 100 percent occupied, and all leases are triple-net. Tenants are a complementary mix of internet-resistant businesses including AT&T, Endzone Liquor, and Fancy Nails & Spa. AT&T and Endzone Liquor are long-term tenants, having occupied the center for over 22 years and 13 years, respectively. The AT&T store has a strong guarantee from the largest AT&T authorized retailer in the nation. Endzone Liquor and Fancy Nails & Spa leases both have personal guarantees. Originally constructed in 1990, the center is situated on 0.78 acres with concrete parking. The subject property is located on 4th Street, near the signalized intersection of 4th Street and Frankford Avenue and just west of Loop 289. Traffic Counts in front of the property exceed 17,280 vehicles per day on 4th Street. The property is near a top performing Walmart Supercenter, ranking in the 82nd percentile based on annual visitors to all Walmart stores in the state of Texas and the 88th percentile in the United States (Source: Placer Labs Inc.). Other retailers in the 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, Slim Chickens, and many others. The surrounding area is densely populated with more than 152,244 residents within a five-mile radius.

Exclusively Listed By

Financing By

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