12301 – 12309 CR 2300 (Ave P) – Lubbock, TX 79423 2023 built contractor shops (9 x 1,250 SF bay size) Built in 2023, this property features nine (9) 1,250 square feet shops; each unit has a retail glass door, overhead door, and a private bathroom. Sitting on 2.548 acres, this property offers a Buyer extra land to further develop the property and increase NOI. Located right off Interstate 27 (I-27) between 114th and 130th St (FM 1585 / Loop 88) on CR 2300 (Ave P), this property is in the middle of Lubbock’s trajectory growing southward providing super easy access to all major thoroughfares. Purchase Price: $1,290,000 Current NOI: $70,184.92 (4 / 9 tenant-occupied); Post-acquisition NOI: $145,161.76 (Seller executes a 1-year lease) CAP Rate: 11.25% upon closing Building Square Footage: 11,250; Total Land : 2.548 Acres, 111,034 SF (room for expansion) Units: 9 units of 1,250 SF each; insulated; private bathroom in each unit; individually metered. Zoning: Out-of-city limits (no restrictions) School District: Lubbock Cooper ISD Nearest Highway: Interstate 27 and Future Loop 88