4426 34th St - Convenience Store FOR SALE


Lubbock, TX 79410
$722,400 USD
512-433-6999
4426 34th St, Lubbock, TX for Sale
$722,400 USD
Convenience Store - FOR SALE
1/4
null | 6.25% Cap Rate

4426 34th St
Lubbock, TX 79410


HIGHLIGHTS

  • 6th Largest Convenience Store in US | ARKO Corp (NASDAQ: ARKO) 2023 Revenue of $9.4 billion
  • Absolute Net Lease | +8 Years Remaining | Below Market Rent | 10% Rent Increases 5/1/2028
  • EZ Mart is part of GPM Investments, LLC a wholly owned subsidiary of ARKO
  • 2.2 miles from Texas Tech University with 40,000+ students | 1.6 miles from Lubbock's Medical District

OVERVIEW

TREK Investment Group is pleased to offer for sale EZ Mart in Lubbock, Texas. Featuring an Absolute Net lease with +8 years remaining on the original 15-year term, EZ Mart offers an investor an outstanding investment opportunity in a prime retail location. EZ Mart’s lease includes a 10% rent increases in less than 4 years, as well as in each of the six, 5-year option periods. Situated at the hard corner of 34th Street and Salem Avenue, the subject property is a pad to Family Dollar and is surrounded by other national retailers including Sonic, McDonald's, H&R Bock, O'Reilly Auto Parts and more, sitting less than 1 mile from 5 area schools, and sees traffic counts on 34th Street of 20,500+ VPD. Additionally, EZ Mart is only 2.2 miles from Texas Tech University which has current enrollment of 40,000+ students, as well as 1.6 miles from Lubbock's bustling Medical District.

FOR SALE DETAILS

PRICE

$722,400 USD

PRICE/SF

$329 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

E-Z Mart - GPM | Lubbock, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

15,900 SF

ZONING

-

APN/PARCEL ID

R29046

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.