5730 66th St - Medical FOR SALE


Lubbock, TX 79424
$1,875,000 USD
806-239-0804
5730 66th St, Lubbock, TX for Sale
$1,875,000 USD
Medical - FOR SALE
1/40
null | 8% Cap Rate

NEW


5730 66th St
Lubbock, TX 79424


HIGHLIGHTS

  • High-traffic location along Slide Road within an active retail corridor.
  • Near South Plains Mall and Loop 289, providing excellent regional access.
  • High visibility with strong consumer activity supported by national retail.
  • Ideal for dental or medical use, with an established tenant in place.

OVERVIEW

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%.

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$388 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,844 SF

ZONING

NC

APN/PARCEL ID

R60000

ASK ABOUT THIS PROPERTY

David PowellKW LubbockMore Info
806-239-0804

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David PowellKW LubbockMore Info
806-239-0804

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