3611 50th St - Medical FOR SALE


Lubbock, TX 79413
$2,443,943 USD
512-433-6999
3611 50th St, Lubbock, TX for Sale
$2,443,943 USD
Medical - FOR SALE
1/4
null | 7% Cap Rate

3611 50th St
Lubbock, TX 79413


HIGHLIGHTS

  • NN Lease | 8 Years Remaining | 2% Annual Increases Throughout
  • 2 - (5)yr Options to Renew also with 2% Annual Increases
  • Long-term Stable Practice Serving Lubbock Since 1998 | Purchased by AVP Texas Vision Management, LLC - Part of a family of 9 Other Medical Practices
  • Dense area of Lubbock w/Avg HH Income $98,800+ in 1 mile radius
  • Major Traffic Corridor Inside Loop 289 | Traffic Counts 28,000+VPD
  • 2 miles from Lubbock's Medical District | 3 miles from Texas Tech University with 40,000 Students

OVERVIEW

TREK Investment Group is pleased to offer for sale the West TX Eye Clinic office building in Lubbock, Texas. West Texas Eye Associates is a long-term stable tenant serving Lubbock since 1998. The subject property is strategically located on one of Lubbock's major corridors inside Loop 289 seeing 28,000+ VPD, only 2 miles from Lubbock's Medical District and 3 miles from Texas Tech University. West Texas Eye Clinic is situated in a dense neighborhood with average Household Income of $98,800+ in a 1 mile radius. This property is shadowed by Sutherlands, and also surrounded by National and Regional Tenants such as Dollar General, CVS, United Supermarkets, Starbucks, Sonic and more.

FOR SALE DETAILS

PRICE

$2,443,943 USD

PRICE/SF

$405 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

Commercial

APN/PARCEL ID

R60954

ASK ABOUT THIS PROPERTY

Parker CarrollTREK Investment GroupMore Info
512-433-6999

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Parker CarrollTREK Investment GroupMore Info
512-433-6999

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