Richard Mireles - Commercial Real Estate Showcase

Richard Mireles Property Listings
Richard Mireles
8310-2 N. Capital of Texas Hwy
Austin, TX 78731
(512) 338-7864

2204 Lubbock Highway - Dollar Tree

Lamesa, TX 79331-2718

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1982
Building Size:11,112 SF Land Area:.72 AC (31,494 SF)
For Sale Price:$1,150,000 Price/SF:$103.49
Cap Rate:6.26 %

Sale Notes:
This property is prominently located on Lubbock Highway with street frontage and excellent visibility. The property was constructed in 2015 using Dollar Tree specifications with a corporate guaranty. There are 9.4 years remaining on a lease term of 10 years with $.50 rent increases every five years along with 2 - 5 years options. This is a NN lease where landlord is responsible for roof, structure, and parking lot repair.

Richard Mireles
Richard Mireles
(512) 338-7864

Marcus & Millichap
Mike Buckner
(512) 338-7828

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