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1502-1508 34th St
Lubbock, TX 79411

$875,000 USD

Freestanding For Sale  •  22,300 SF

Property Details

• Property Type Freestanding
• Total Building Size 22,300 SF
• Lot Size 0.77 AC
• Building Class C
• Year Built 1961
• Cap Rate 7.54 %
• Tenancy Single
• Zoning Commercial

27 Transit Score

63 Walk Score

Highlights

Double Net Retail Property With 4+ Years Remaining

Minimal Landlord Responsibilities, Tenant Reimburses 100% of Taxes

Strong Location in a Dense Residential, Retail, and Education Corridor Near Multiple Schools and Local Retail Tenants

Just Off of Interstate 27 (54,600 Vehicles Per Day) and US-84 (17,400 Vehicles Per Day), 2 Miles From Downtown Lubbock

2 Miles From Texas Tech University, a Major Public University With Over 42,000 Students and Staff | NCAA Division I Athletics

Lubbock is the Largest Metropolitan Area in the Western Texas/East New Mexico Region

Property Flyers

Marketing Brochure/Flyer

Financial Summary (Actual)

Net Operating Income: $66,040 USD (2022)

Cap Rate:	7.54 %
Total Expenses:	$4,460 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
American Council Of The Blind

Public Transportation

Airport	Drive	Walk	Distance
Lubbock Preston Smith International	23 min	-	12.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	50
Type:	Surface
Included in Rent:	Yes