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West Texas Eye Clinic - Quaker Ave 12210 Quaker Ave 18,081 SF Office Building Lubbock, TX 79424 $7,356,500 ($406.86/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- NN Lease | 7 Years Remaining | 2% Annual Increases Throughout
- Long-term Stable Practice serving Lubbock Since 1998
- Exclusive New Vintage Township Neighborhood of Lubbock with Avg HH Income $184,000+ in 1 Mile Radius
- 2-(5)yr Options to Renew also with 2% Annual Increases
- Purchased by AVP Texas Vision Management, LLC - Part of a family of 9 Other Medical Practices
- Major Thoroughfare to Loop 289 and Medical District with Traffic Counts of 21,000+VPD
EXECUTIVE SUMMARY
TREK Investment Group is pleased to offer for sale, the West TX Eye Clinic office building in Lubbock, Texas. The subject property is strategically situated in the new Vintage Township neighborhood featuring some of the most beautiful and unique new homes and real estate in Lubbock with an average Household income of $184,000+ in a 1 mile radius. West Texas Eye Clinic is situated along Quaker Avenue, servings as the major thoroughfare to Loop 289 with traffic counts of 21,000+VPD. National and Regional Tenants surround the property such as Walmart Supercenter, Academy, Chick-fil-A, HEB, Starbucks and more.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
18,081 SF
Building Class
B
Year Built
2018
Price
$7,356,500
Price Per SF
$406.86
Cap Rate
7.25%
NOI
$533,346
Tenancy
Single
Building Height
1 Story
Typical Floor Size
18,018 SF
Building FAR
0.27
Lot Size
1.55 AC
Zoning
F1
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PROPERTY TAXES
| Parcel Number | R332875 | Improvements Assessment | $3,500,126 |
| Land Assessment | $540,976 | Total Assessment | $4,041,102 |
PROPERTY TAXES
Parcel Number
R332875
Land Assessment
$540,976
Improvements Assessment
$3,500,126
Total Assessment
$4,041,102
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West Texas Eye Clinic - Quaker Ave | 12210 Quaker Ave
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