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- LoopNet Team
114 University Ave
Lubbock, TX 79415
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
ABOUT 114 UNIVERSITY AVE , LUBBOCK, TX 79415
Prime NNN Retail Investment opportunity located in North Lubbock. Property offers 4 units currently fully occupied with 3 strong tenants. Tenants include: Prosperity bank (formerly American State) which operates 37 locations in 21 communities in West Texas has 3 additional 5-year lease options ties to CPI, Fred Loya Insurance company, a National company with 700 offices across 10 States has 1 additional lease option for 5-years at market rate, and Garza's Barber Shop with 1 additional 2-year option at market rate. Subject property is located in a dense retail corridor 4 blocks North of Texas Tech University Campus, student housing, and near recently built restaurants and others including: Popeyes, Panda Express, KFC, Chick- Fil -A , and more. The property is situated in an area that continues to benefit from revitalization projects moving North on University Avenue including: a new hotel project, and a new Retail center currently under construction within 2 blocks of the site.
PROPERTY TAXES
| Parcel Number | R90368 | Improvements Assessment | $1,044,077 |
| Land Assessment | $38,281 | Total Assessment | $1,082,358 |
PROPERTY TAXES
