1540 Idalou Rd
Lubbock, TX 79403
Property For Lease

PROPERTY SUBTYPE: Free Standing Convenience Store, Mixed Use, Adult Beverage sales, Service Station/Gasoline Contiguous Space: 3,400 SF Gross Building Space: 3,400 SF Usable Space: 3,400. SF Gross Land Area: 20,837 SF Lease Rate: $2,600. Modified gross/ year one @ $9.18 PSF $3,250. Modified gross/years 2 through 5 @ $11.47 PS Located on the busy SW corner of US HWY 62 and Martin Luther King Boulevard. East Point Market Convenience Store offers three gas pumps, with six nozzles of non branded gasoline stored in a 15,000 gallon underground tank. Included is a separate entrance to an Adult Beverage Store, supplying liquor, beer, and wine. Additional amenities include a Drive-Thru window, full Kitchen with a 1,000 gallon grease trap and vent hood. East Point Market C- Store is known for serving their famous cheeseburgers and an array of delicious foods and snacks. Tobacco and tobacco products can be purchased through the drive thru window. ATM, check cashing, Lottery, and a variety of groceries are also available to customers. Building supports three 2.4 ton air conditioners, and one 10 ton HVAC unit on the pitched metal roof, which is six years old. The new 11,200 square feet Police substation will be constructed at 1901 E. 19th. St., near Mae Simmons Park, which overlooks the Canyon Lakes. Each substation will house its own patrol and investigations departments for this part of the City. This is an operating Convenience/Liquor Store run by the Landlord. Inventory and two (2) new POS computer systems shall be negotiated between parties prior to execution of the Lease agreement in its “AS IS” condition. Lessee shall have the opportunity to perform a professional inspection of the premises, and review of the financials upon submission of an LOI. STORE IS OPEN FROM 10:00 a.m. to 12: 00 a.m. Sunday through Thursday. OPEN from 10:00 a.m. to 1:00 a.m. Friday and Saturday. APPOINTMENT ONLY FF&E includes, and remains with property: 9 single door coolers 8 double door coolers 3 three door coolers 12 window walk in cooler 2 chest walk in freezer 1 three door freezer 1 ice cream freezer