417 Frankford Ave | Lubbock, TX 79416
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- LoopNet Team
417 Frankford Ave
Lubbock, TX 79416
Lubbock Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% Occupied Multi-Tenant Retail Center With a Master Lease | All Leases are Triple-Net
- Outparcel to Walmart Supercenter | Top 93% of Walmart Stores In The United States With Over 3 Million Annual Visitors
- Healthy Mix of Service-Oriented Businesses and Retail Establishments
- Property Leased Well Below Market Rents | Rents in Lubbock for Shadow-Anchored Retail up to $25/SF NNN
- Property Priced at $183/SF, Well Below Replacement Cost
PROPERTY FACTS
Property Type
Retail
Building Size
17,280 SF
Building Class
B
Year Built
2001
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
2.03 AC
Zoning
AC - Auto-Urban Commercial (AC)
Parking
100 Spaces (5.79 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | R148265 | Improvements Assessment | $1,246,379 |
| Land Assessment | $353,644 | Total Assessment | $1,600,023 |
PROPERTY TAXES
Parcel Number
R148265
Land Assessment
$353,644
Improvements Assessment
$1,246,379
Total Assessment
$1,600,023
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