2406 34th St - Office FOR SALE


Lubbock, TX 79411- Heart Of Lubbock
$577,000 USD
859-907-2006
2406 34th St, Lubbock, TX for Sale
$577,000 USD
Office - FOR SALE
1/18
null | 6.5% Cap Rate

2406 34th St
Lubbock, TX 79411
Heart Of Lubbock


HIGHLIGHTS

  • Newly Signed 5 Year Extension
  • 1,000+ Unit Corporate Guarantee
  • 2% Annual Increases
  • Long Tenant Operating History

OVERVIEW

The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the fee simple interest of the Freeway Insurance asset located at 2406 34th St, Lubbock TX 79411 (“Subject Property”). The subject property is a single tenant retail property consisting of a 1,513 square-foot building that sits on ±0.61 acres. The subject property has been tenanted by Freeway Insurance for 12 years, and they have elected to renew a 5-year extension commencing on September 30, 2025. The lease is corporately guaranteed by Confie Administrative Services, Inc. The future owner will enjoy passive ownership and benefit from minimal landlord responsibilities, as well as 2% annual rent escalations. With the long operating history from the tenant and the prime access & visibility along one of Lubbock’s main thoroughfares, this offering serves as a strong investment opportunity with long-term upside.

FOR SALE DETAILS

PRICE

$577,000 USD

PRICE/SF

$381 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

-

APN/PARCEL ID

R59879

ASK ABOUT THIS PROPERTY

Geoff FickeColliersMore Info
859-907-2006

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Geoff FickeColliersMore Info
859-907-2006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.