Skip to main content

Discount

Thrift Store (American Center for the Blind) - Lubbock TX | Significantly Below Market Rent

1506 34th St, Lubbock, TX 79411

Listing Price: $950,000

Cap Rate
6.95%
Tenant Name
Thrift Store
Years Remaining On Lease
3.9
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.

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

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Discount

Thrift Store (American Center for the Blind) - Lubbock TX | Significantly Below Market Rent

Listing Price: $950,000

Cap Rate
6.95%
Tenant Name
Thrift Store
Years Remaining On Lease
3.9
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

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

MM Texture Background
MM Textured Background Lower