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Executive Summary
Presenting a premier commercial medical building (real estate only) located at the high-traffic intersection of 114th Street and Indiana Avenue—a rapidly expanding and highly sought-after corridor in Lubbock, Texas. This 8,662-square-foot facility is 100% leased to an established veterinary practice, providing investors with immediate, stable cash flow. With a 5.6% cap rate, this offering represents a compelling opportunity to acquire a turnkey, income-generating property in a dynamic and growing submarket. The site benefits from strong visibility, a daily traffic count of approximately 18,000 vehicles, and close proximity to ongoing residential and commercial development. Whether you are seeking to diversify your portfolio with a recession-resilient asset or secure long-term value in one of West Texas’s most active growth areas, this investment combines location, stability, and tenant quality—making it a rare and highly desirable acquisition.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
5,780 SF
Building Class
B
Year Built
2009
Price
$3,800,000
Price Per SF
$657.44
Cap Rate
5.57%
NOI
$211,660
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
4.74 AC
Frontage
315’ on Indiana Ave
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R313539 | Improvements Assessment | $1,562,028 |
| Land Assessment | $131,112 | Total Assessment | $1,693,140 |
Property Taxes
Parcel Number
R313539
Land Assessment
$131,112
Improvements Assessment
$1,562,028
Total Assessment
$1,693,140
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11302 Indiana Ave
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