4426 34th St - Convenience Store FOR SALE


Lubbock, TX 79410- Coronado Area
$669,000 USD
972-755-5205
4426 34th St, Lubbock, TX for Sale
$669,000 USD
Convenience Store - FOR SALE
1/4
null | 6.75% Cap Rate

4426 34th St
Lubbock, TX 79410
Coronado Area


HIGHLIGHTS

  • Absolute Net Lease with 7.9 Years Remaining – 10 Percent Rental Escalations Every Five Years
  • Strategic Location Near Texas Tech University and Lubbock Medical District
  • Hard Corner Location on 34th Street and Salem Avenue (23,485 VPD)
  • More Than 236,064 Residents and 293,985 Employees Within a Five-Mile Radius
  • E-Z Mart – Branded Fuel & Retail Site Backed by GPM Investments

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease lease EZ Mart in Lubbock, TX. The property consists of a 2,193-square-foot, freestanding building that sits on approximately 0.37 acres of land. There are 7.9 years remaining on the lease with 10% rental increases every 5 years.

FOR SALE DETAILS

PRICE

$669,000 USD

PRICE/SF

$305 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

E-Z Mart (GPM Guaranty) | Eligible for Bonus

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

15,900 SF

ZONING

-

APN/PARCEL ID

R29046

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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