5113 82nd Street
Lubbock, TX
Price:
$2,632,000
Cap Rate:
4.75%
NOI:
$125,000
Building Size:
Approx. 2,824 Sq. Ft.
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2022
Investment Overview
- 2022 Construction. 2,842+/- SF Building on 0.88+/- Acre Site
- Brand New 20 Year Absolute NNN Ground Lease w/ 8% Rental Bumps Every 5 Years in Primary & Options
- Excellent Signalized, Hard Corner Location at the Intersection of 82nd St (28K VPD) & Slide Rd (36K VPD)
- Strategically Located at the Entrance to a Shopping Center Featuring a Harbor Freight Tools, UPS, & More
- Strong Income Demos w/ an est. $108,000 Within a 1-Mile Radius of the Subject Property
- Murphy USA is a Leading Retailer of Gasoline and Convenience Merchandise w/ More Than 1,700 Locations
- Lubbock | 4% Growth Rate in the Past 5 Years | Population: 260,500+
Resources