2417 82nd St - Drug Store FOR SALE


Lubbock, TX 79423
$3,768,800 USD
404-441-3849
2417 82nd St, Lubbock, TX for Sale
$3,768,800 USD
Drug Store - FOR SALE
1/21
null | 8% Cap Rate

2417 82nd St
Lubbock, TX 79423


HIGHLIGHTS

  • Extended Net Lease with Renewal Options
  • Long-Term Operating History with Solid Reported Sales
  • Excellent Access & Visibility | Hard Corner Intersection of 82nd Street (20,851 VPD) & University Avenue (27,424 VPD)
  • Less Than 5 Miles to Texas Tech University (Enrollment: 41,000+)
  • Dense Retail & Commercial Corridor | 7.6 MSF Retail, 3.7 MSF Office, 6.3 MSF Industrial, 7,089 Multifamily Units & 2,015 Hotel Rooms within 3-Miles
  • Lubbock, TX MSA (Population: 362,839)

OVERVIEW

CBRE is pleased to offer for sale the 15,053-square-foot Walgreens situated on 1.48 acres in Lubbock, Texas (MSA Population: 362,839). Originally set to expire in 2021, Walgreens’ net lease was previously extended through 2032 and currently features ±7.0 years of primary term remaining and eight, 5-year options to renew.

FOR SALE DETAILS

PRICE

$3,768,800 USD

PRICE/SF

$249 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

-

APN/PARCEL ID

R34365

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

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