515 US-70 - Freestanding FOR SALE


Lockney, TX 79241
$1,329,600 USD
972-375-3437
515 US-70, Lockney, TX for Sale
$1,329,600 USD
Freestanding - FOR SALE
1/14
null | 6.5% Cap Rate

515 US-70
Lockney, TX 79241


OVERVIEW

? 15 year absolute NNN lease - Dollar General Corporate upgraded store from 9,100 SF prototype to 12,600 SF DG Market Store in 2023 ? 8.5 years remaining on primary term, 10% rent increases every 5 years in options ? Lockney is located approximately 40 miles north of the Lubbock, Texas MSA. Lockney is served by the Lockney Independent School District (LISD), which encompasses elemen- tary, middle, and high school within the sur- rounding area, educating students from Pre-K through 12th grade ? As the 10th largest city in Texas, Lub- bock serves a regional population of nearly 650,000, with projected growth of 4.6% over the next five years. ? Lubbock’s economy is a growing hub built on agriculture, education (Texas Tech), and healthcare, leveraging a low cost of living, no state income tax, and a strong workforce.

FOR SALE DETAILS

PRICE

$1,329,600 USD

PRICE/SF

$102 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.51 AC

LAND SF

152,896 SF

ZONING

-

APN/PARCEL ID

R000006377

ASK ABOUT THIS PROPERTY

Gavin KamNNN Retail AdvisorsMore Info
972-375-3437

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Gavin KamNNN Retail AdvisorsMore Info
972-375-3437

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