This NNN-leased dental office investment provides a secure income stream with $150,000 in annual net operating income, reflecting an 8% capitalization rate. Positioned in one of Lubbock's most active retail corridors, the property is strategically surrounded by major retailers and dining establishments, which creates strong consumer traffic and long-term stability. The facility spans 5,546 square feet on a 0.39-acre lot and has recently undergone facade updates to enhance its visual appeal.
The tenant, a well-established dental practice with three locations, has operated here for five years and recently executed a new seven-year lease agreement, including two five-year extension options. This demonstrates strong occupancy commitment and financial stability. Investors benefit from average cash-on-cash returns of 8.6% and a levered IRR of 12.8%.