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104-112 N University Ave
Lubbock, TX 79415
Northtown Plaza · Retail Property For Sale
Investment Highlights
- Grocery anchored shopping center with secure cash flow with value-add potential.
- The property provides a reliable income stream with less than 3% rollover within the first 3 years without fixed rate options in place.
- Close proximity to Texas Tech University and local school systems.
- Northtown Plaza features a strong anchor to shop space ratio of approximately 69% (anchor) to 31% (shop).
Property Facts
Property Type
Retail
Building Size
73,633 SF
Building Class
B
Year Built
1996
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
6.74 AC
Zoning
F1 - Real Commercial
Parking
400 Spaces (5.43 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Monument Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,904,737 | |
| Land Assessment | $616,848 | Total Assessment | $5,521,585 |
Property Taxes
Parcel Numbers
Land Assessment
$616,848
Improvements Assessment
$4,904,737
Total Assessment
$5,521,585
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