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E-Z Mart (GPM Guaranty) | Eligible for Bonus Depreciation

4426 34th St, Lubbock, TX 79410

Listing Price: $669,000

Cap Rate
6.75%
Tenant Name
EZ Mart
Years Remaining On Lease
7.9
Gross SF
2,193
Guarantor
Corporate Guarantee
Rentable SF
2,193
Price/Gross SF
$305.06
Lease Type
Absolute Net
Rent Per Square Feet
$20.59

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease lease EZ Mart in Lubbock, TX. The property consists of a 2,193-square-foot, freestanding building that sits on approximately 0.37 acres of land. There are 7.9 years remaining on the lease with 10% rental increases every 5 years.

Investment Highlights

  • Absolute Net Lease with 7.9 Years Remaining – 10 Percent Rental Escalations Every Five Years
  • Strategic Location Near Texas Tech University and Lubbock Medical District
  • Hard Corner Location on 34th Street and Salem Avenue (23,485 VPD)
  • More Than 236,064 Residents and 293,985 Employees Within a Five-Mile Radius
  • E-Z Mart – Branded Fuel & Retail Site Backed by GPM Investments

Exclusively Listed By

Auto Service - Gas-Conv

E-Z Mart (GPM Guaranty) | Eligible for Bonus Depreciation

Listing Price: $669,000

Cap Rate
6.75%
Tenant Name
EZ Mart
Years Remaining On Lease
7.9
Gross SF
2,193
Guarantor
Corporate Guarantee
Rentable SF
2,193
Price/Gross SF
$305.06
Lease Type
Absolute Net
Rent Per Square Feet
$20.59

Investment Highlights

  • Absolute Net Lease with 7.9 Years Remaining – 10 Percent Rental Escalations Every Five Years
  • Strategic Location Near Texas Tech University and Lubbock Medical District
  • Hard Corner Location on 34th Street and Salem Avenue (23,485 VPD)
  • More Than 236,064 Residents and 293,985 Employees Within a Five-Mile Radius
  • E-Z Mart – Branded Fuel & Retail Site Backed by GPM Investments

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease lease EZ Mart in Lubbock, TX. The property consists of a 2,193-square-foot, freestanding building that sits on approximately 0.37 acres of land. There are 7.9 years remaining on the lease with 10% rental increases every 5 years.

Exclusively Listed By

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