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Pinnacle C-Store - Lubbock, TX 2815 Slide Rd 4,927 SF Retail Building Lubbock, TX 79407 $3,200,000 ($649.48/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Investment-Grade Tenant With Strong Brand Recognition, With a Proven Track Record of Performance in the Fuel and Convenience Retail Sector
- Nearby Retail Development Includes: South Plains Mall, Canyon West Shopping Center, Promenade at West End, Milwaukee Corridor (250+ Retailers)
- Multiple National and Regional Retailers Cluster Near Intersections of Slide Rd & Loop 289, Including: Starbucks, McDonald’s, Burger King, Chick-fil-A
- Pinnacle Oil is a Family-Owned and Operated Company With Close to 20 Years of Experience, With Over 55 Locations Across Three States
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 4,927 SF Pinnacle C-Store Located at 2815 Slide Road in Lubbock, TX. This Deal Includes an Investment-Grade Tenant With Strong Brand Recognition, With a Proven Track Record of Performance in the Fuel and Convenience Retail Sector, Positioned For Dependable Long-Term Performance in a Prime Retail Corridor.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
4,927 SF
Building Class
C
Year Built
1997
Price
$3,200,000
Price Per SF
$649.48
Cap Rate
7.50%
NOI
$240,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.60 AC
Parking
4 Spaces (0.81 Spaces per 1,000 SF Leased)
Frontage
73’ on 29th Dr
AMENITIES
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Pinnacle Oil & Gas Holdings, Inc.
- Retailer
- 4,927 SF
- $48.71
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Pinnacle Oil & Gas Holdings, Inc. | Retailer | 4,927 SF | $48.71 | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R92392 | Improvements Assessment | $161,250 |
| Land Assessment | $78,750 | Total Assessment | $240,000 |
PROPERTY TAXES
Parcel Number
R92392
Land Assessment
$78,750
Improvements Assessment
$161,250
Total Assessment
$240,000
CONTACTS
-
Ben Rysedorph -
Samuel Rysedorph -
Munir Meghjani -
Rahill Lakhani -
Sands Investment Group Atlanta, LLC
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Pinnacle C-Store - Lubbock, TX | 2815 Slide Rd
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