Discount
Thrift Store (American Center for the Blind) - Lubbock TX | Significantly Below Market Rent
1506 34th St, Lubbock, TX 79411
Listing Price: $875,000
Cap Rate
7.55%
Tenant Name
Thrift Store
Years Remaining On Lease
3.5
Guarantor
Personal Guarantee
Rentable SF
22,300
Lease Type
Double Net
Rent Per Square Feet
$3.16
Investment Overview
Marcus & Millichap is pleased to bring to market the Thrift Store located in Lubbock, TX.
Thrift Store (American Center for the Blind) - Lubbock TX | Significantly Below Market Rent
Investment Highlights
- Double Net Retail Property With 4+ Years Remaining
- Minimal Landlord Responsibilities, Tenant Reimburses 100% of Taxes
- Strong Location in a Dense Residential, Retail, and Education Corridor Near Multiple Schools and Local Retail Tenants
- Just Off of Interstate 27 (54,600 Vehicles Per Day) and US-84 (17,400 Vehicles Per Day), 2 Miles From Downtown Lubbock
- 2 Miles From Texas Tech University, a Major Public University With Over 42,000 Students and Staff | NCAA Division I Athletics
- Lubbock is the Largest Metropolitan Area in the Western Texas/East New Mexico Region
- Strong Demographics: 177,700+ Residents Within 5-Miles and Projected to Increase by 2027, a 10% Population Increase Since 2000 | Daytime Population Exceeds 255,000
Exclusively Listed By
Broker of Record
Discount
Thrift Store (American Center for the Blind) - Lubbock TX | Significantly Below Market Rent
Listing Price: $875,000
Cap Rate
7.55%
Tenant Name
Thrift Store
Years Remaining On Lease
3.5
Guarantor
Personal Guarantee
Rentable SF
22,300
Lease Type
Double Net
Rent Per Square Feet
$3.16
Investment Highlights
- Double Net Retail Property With 4+ Years Remaining
- Minimal Landlord Responsibilities, Tenant Reimburses 100% of Taxes
- Strong Location in a Dense Residential, Retail, and Education Corridor Near Multiple Schools and Local Retail Tenants
- Just Off of Interstate 27 (54,600 Vehicles Per Day) and US-84 (17,400 Vehicles Per Day), 2 Miles From Downtown Lubbock
- 2 Miles From Texas Tech University, a Major Public University With Over 42,000 Students and Staff | NCAA Division I Athletics
- Lubbock is the Largest Metropolitan Area in the Western Texas/East New Mexico Region
- Strong Demographics: 177,700+ Residents Within 5-Miles and Projected to Increase by 2027, a 10% Population Increase Since 2000 | Daytime Population Exceeds 255,000
Investment Overview
Marcus & Millichap is pleased to bring to market the Thrift Store located in Lubbock, TX.
Exclusively Listed By
Broker of Record
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
