Shopping Regional

Lubbock Commons

5402 4th St, Lubbock, TX 79416

Listing Price: Request For Offer

Gross SF
82,233
Rentable SF
82,233
Lot Size
8.08 acres
Year Built
1986

Investment Overview

Marcus & Millichap is pleased to present Lubbock Commons, an 82,233 square foot shopping center located at 5402 4th Street in Lubbock, Texas. The community shopping center is situated on 8.08 acres and is currently 76.22% occupied by two tenants, Big Lots and Charley B's. The subject property features a value-add opportunity through the lease-up of 19,553-square foot vacancy in the property. Both of the existing tenants are on NNN leases with additional outside income produced through the billboard and Watermill leases.

Big Lots is an essential neighborhood retailer and a national credit tenant, headquartered in Columbus, Ohio with over 1,400 stores in 47 states. Big Lot's occupies 43.7% of the property at 35,895 square feet. Charley B's is a dance hall that services the local Lubbock community and is considered to be the city of Lubbock's largest bar and largest dance floor at 26,785 square feet, occupying 32.6% of the subject property.

The city of Lubbock is the 11th most populous city in Texas with over 289,000 residents. Nicknamed "Hub City", Lubbock is known for being the economic, educational, and health-care hub of the multi-county region of the South Plains. Lubbock is also home to Texas Tech University, which is located approximately 1.3 miles from the subject property. Texas Tech features an undergraduate enrollment of over 30,000 students with an average annual tuition of over $24,000 and a graduation rate of over 60%. The average household income exceeds $69,000 within a one-mile radius of the subject property and nearly 67,000 households within a five-mile radius.

Investment Highlights

  • 82,233-Square Foot Community Shopping Center | Situated on 8.08 Acres
  • 76.22% Occupied by Two Major Tenants | Big Lots & Charley B's
  • Big Lots is Considered an "Essential Neighborhood Retailer"
  • Charley B's is Lubbock's Largest Dance Hall
  • Additional Income Included Through Billboard and WaterMill Leases
  • Located Approximately 1.3 Miles From Texas Tech University

Exclusively Listed By

Financing By

Shopping Regional

Lubbock Commons

Listing Price: Request For Offer

Gross SF
82,233
Rentable SF
82,233
Lot Size
8.08 acres
Year Built
1986

Investment Highlights

  • 82,233-Square Foot Community Shopping Center | Situated on 8.08 Acres
  • 76.22% Occupied by Two Major Tenants | Big Lots & Charley B's
  • Big Lots is Considered an "Essential Neighborhood Retailer"
  • Charley B's is Lubbock's Largest Dance Hall
  • Additional Income Included Through Billboard and WaterMill Leases
  • Located Approximately 1.3 Miles From Texas Tech University

Investment Overview

Marcus & Millichap is pleased to present Lubbock Commons, an 82,233 square foot shopping center located at 5402 4th Street in Lubbock, Texas. The community shopping center is situated on 8.08 acres and is currently 76.22% occupied by two tenants, Big Lots and Charley B's. The subject property features a value-add opportunity through the lease-up of 19,553-square foot vacancy in the property. Both of the existing tenants are on NNN leases with additional outside income produced through the billboard and Watermill leases.

Big Lots is an essential neighborhood retailer and a national credit tenant, headquartered in Columbus, Ohio with over 1,400 stores in 47 states. Big Lot's occupies 43.7% of the property at 35,895 square feet. Charley B's is a dance hall that services the local Lubbock community and is considered to be the city of Lubbock's largest bar and largest dance floor at 26,785 square feet, occupying 32.6% of the subject property.

The city of Lubbock is the 11th most populous city in Texas with over 289,000 residents. Nicknamed "Hub City", Lubbock is known for being the economic, educational, and health-care hub of the multi-county region of the South Plains. Lubbock is also home to Texas Tech University, which is located approximately 1.3 miles from the subject property. Texas Tech features an undergraduate enrollment of over 30,000 students with an average annual tuition of over $24,000 and a graduation rate of over 60%. The average household income exceeds $69,000 within a one-mile radius of the subject property and nearly 67,000 households within a five-mile radius.

Exclusively Listed By

Financing By

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