2903-2905 50th St | Lubbock, TX 79413
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2903-2905 50th St
Lubbock, TX 79413
Ross / BBB+ Credit / 7% Cap / $145 PSF · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- National credit tenants | Ross Dress For Less – (Rating BBB+) (NSDQ: ROST) & Allington Dental (7 locations in West Texas)
- Ease of Management investment / only 2 tenants with NNN leases
- Low cost PSF investment | $145 PSF / Located on dominant retail corridor/ Close proximity to Texas Tech Univ - 40,900 Students
- Long term historical occupancy and recently exercised options to extend
- NNN leases with rental increases / Roof Warranty w/ newly installed roof
- High traffic retail building located within a 255,000 sq. Ft. Regional shopping center / Cap Rock Shopping Center
PROPERTY FACTS
Property Type
Building Size
31,900 SF
Building Class
C
Year Built/Renovated
1959/2006
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.29
Lot Size
2.56 AC
Zoning
Commercial
Parking
150 Spaces (2.34 Spaces per 1,000 SF Leased)
Frontage
271’ on 50th St
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | R99793 | Improvements Assessment | $100,233 |
| Land Assessment | $557,155 | Total Assessment | $657,388 |
PROPERTY TAXES
Parcel Number
R99793
Land Assessment
$557,155
Improvements Assessment
$100,233
Total Assessment
$657,388
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