2302 82nd St
Lubbock, TX
Price:
$1918000
Cap Rate:
5.50%
NOI:
$105,497
Building Size:
Approx. 4655 Sq. Ft.
Lot Size:
Approx. 0.6 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built / Renovated:
2005 / 2017
Investment Overview
- 2017 Renovation. 4,655+/- SF Building on .60+/- Acre Site
- New 20-Year Corp, NNN w/ 10% Rent Bumps Every 5-Yrs
- Located along 82nd St (35K VPD), just E of University Ave (36K VPD)
- Near Whataburger, Chick-fil-A, Discount Tire, Raising Cane’s, Target
- Approximately 4.5-Miles South of Texas Tech University (36K Enrollment)
- 11-Miles S of Lubbock Preston Smith Intr. Airport (1.2M Passengers/Year)
- Local Attractions: Jones AT&T Stadium (Texas Tech) | Mackenzie Park
- Major Employers: Texas Tech | Covenant Health | United Super Market
- Lubbock was Ranked 4th “Best City to Find a Job” – Fortune Magazine
- 3-Mile Radius: 2017 Est Day Pop: 81,993 | 3-Mile Avg HH Income: $73,819