5202 82nd St - Medical FOR SALE


Lubbock, TX 79424
$2,158,000 USD
806-239-0804
5202 82nd St, Lubbock, TX for Sale
$2,158,000 USD
Medical - FOR SALE
1/2
null | 8% Cap Rate

5202 82nd St
Lubbock, TX 79424


HIGHLIGHTS

  • High Traffic Area
  • New 7yr Lease
  • Strong National Tenant
  • Prime Location

OVERVIEW

NNN investment opportunity in SW Lubbock with a new seven-year lease (Covenant Medical Center). This 6,630 SF medical urgent care, previously licensed as a Texas free-standing emergency room, boasts versatile usage options, including urgent care medical facilities, outpatient surgery, physical therapy, chemotherapy treatment, and more. The property enjoys high visibility with about 33,000 (VPD), surrounded by retail centers, restaurants, and offices. The property features a comprehensive infrastructure, including a KOHLER Natural Gas Emergency Generator – Modal 125REGC, 4 Emergency Suites, 4 Exam Suites, a Nurse’s Station, a Secure Medication Storage Room, a Laboratory Room, X-Ray Suite, CT Suite, Clean Storage Room, Soiled Storage Room, Doctor’s Sleep Room, Lobby/Reception area, Med Gas Storage, VAC Pump Storage, and an Electrical, Phone, and Internet Closet. Tenant is Covenant Health System, owned by Providence Healthcare, the 7th largest health system by net patient revenue in the United States. 3,000 (VPD), surrounded by retail centers, restaurants, and offices (Property features continued on page 2.)This property has a land lease with 30 years remaining on the lease.

FOR SALE DETAILS

PRICE

$2,158,000 USD

PRICE/SF

$325 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

AC

APN/PARCEL ID

R83873

ASK ABOUT THIS PROPERTY

David PowellKW LubbockMore Info
806-239-0804

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David PowellKW LubbockMore Info
806-239-0804

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