2024 Built Multi-tenant Shopping Center in South Lubbock
Price: $1,695,000
Consists of a 6,400 SF (currently 50% occupied) shopping center and a 7,000 SF pad site in the rear
Land Size: 1.194 acres (52,010 SF)
Pro-Forma NOI: $153,604.
Currently 50% occupied offering incredible upside (3,200 contiguous SF available)
2024 built shopping center includes a 6,400 SF building, a large parking lot, and a 7,000 SF rear pad site. Located in an affluent area between 114th St. and 130th St. (future Loop 88) close to a middle school, United Supermarkets (part of Albertsons group), McDonald’s, HEB, Walmart, and many more commercial businesses. Currently 50% occupied, offering the perfect opportunity for another investor group or a user who is looking for ~ 3,200 SF.
Vehicles-per-day: 17,862 (TXDOT 2022) (increasing everyday)