Clovis Rd & North Frankfort Rd, Texas 79415
Price:
$6,547,169
Cap Rate:
5.30%
NOI:
$347,000
Building Size:
Approx. 23,557 Sq. Ft.
Lot Size:
Approx. 4.88 Acres
Type:
Single-Tenant / Retail
Sub Category:
Retailer
Year Built:
2023
Investment Overview
- 2023 Construction. 23,557+/- SF Building on 4.88+/- Acre Site
- New 16 Year Net Lease w/ (4) 5 Year Options to Renew & 5% Rent Increases Every 5 Years
- Excellent Location at the Intersection of Clovis Rd & County Rd 1800 (15K Combined VPD)
- Great Tractor Supply Real Estate w/ a Population of 60,000+ Within a 5 Mile Radius
- Subject Property has a Strong Corporate Guarantee and is Located in a Tax Free State
- Tractor Supply is the Largest Rural Lifestyle Retailer in the United States
- Lubbock | Known as the “Hub City” of West Texas | Population: 265,000+