For Sale $2,450,000
Property Type Office
Units 0
Additional Rent Contact for pricing
Property Tenancy Single Tenant
Building Class A
Year Built 2015
Date Updated Nov 18, 2024

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. This property has a land lease with 30 years remaining on the lease. Financials on p.2 of flyer; 7.2% cap rate on average NOI over 7 years.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

David Powell

The KW Commercial Powell Group

Location

Getting Around

Walk Score ®
66/100 Somewhat Walkable
Transit Score ®
19/100 Minimal Transit
Bike Score ®
47/100 Somewhat Bikeable

Map
Street

City Lubbock, TX
Neighborhood Remington Park
Zip Code 79424
Market Lubbock

Points of Interest

Bolton

0.06 miles
Valero

0.08 miles
Phillips 66

0.75 miles
Conoco

0.94 miles
Alon

1.06 miles
E-Z Mart

1.10 miles
Murphy USA

1.25 miles
Tesla Supercharger

2.23 miles
SPEC ChargePoint Station

7.24 miles

vacant

3.76 miles
East Welcome Center Parking

3.97 miles
West Welcome Center Parking

3.98 miles
Lot C17

4.54 miles
Flint Ave Garage

4.76 miles
Commuter Parking - Lot S1

4.76 miles
Residence Hall Parking - Lot Z3

4.79 miles

Staybridge Suites

0.90 miles
Comfort Suites

0.96 miles
Embassy Suites

1.01 miles
Extended Stay America

1.07 miles
Ashmore Inn & Suites

1.38 miles
Courtyard

1.43 miles
Fairfield Inn

1.46 miles
Hampton

1.50 miles
Homewood Suites

1.83 miles
Studio 6

2.83 miles

Tropical Smoothie Cafe

0.07 miles
McDonald's

0.07 miles
J & M Bar-B-Q Express

0.11 miles
KFC

0.11 miles
Taco Bell

0.13 miles
Yuyo Japanese Restaurant

0.13 miles
RibCrib BBQ & Grill

0.15 miles
DQ Grill & Chill

0.16 miles
Rosa's Cafe Tortilla Factory

0.26 miles
Sheridan's Frozen Custard

0.29 miles

Irons Middle School

0.28 miles
Whiteside Elementary School

0.46 miles
Smith Elementary School

0.71 miles
Crestview Elementary School

1.29 miles
Hope Lutheran School

1.32 miles
Honey Elementary School

1.62 miles
Williams Elementary School

1.63 miles
Lubbock Cooper West Elementary

1.65 miles
Heritage Middle School

1.70 miles
Evans Middle School

1.91 miles

Ripley Do-Da's Learning Center

1.29 miles
Neighborhood Academy

1.31 miles
Kidz Kare Too

1.57 miles
Christ the King ECDC

2.16 miles
Tree House Children's Academy

2.42 miles
Kids Are Cool

2.81 miles
Playhouse and Learning Station

2.97 miles
Achievers Learning Center

3.07 miles
Shelby & Friends Day Care Center

3.09 miles
Here We Grow Children's Learning Center

3.46 miles

Frequently Asked Questions

How much does Office property in Lubbock, TX cost?

The space currently listed for sale at Office property in Lubbock, TX asks for $2,450,000.

What is the total square footage of Office property in Lubbock, TX?

Office property in Lubbock, TX totals 6,630 square feet.

When was this property built?

Office property in Lubbock, TX was built in 2015.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.