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E-Z Mart (GPM Guaranty) | Eligible for Bonus 4426 34th St 2,193 SF Retail Building Lubbock, TX 79410 $669,000 ($305.06/SF) 6.75% Cap Rate
Investment Highlights
- Absolute Net Lease with 7.9 Years Remaining – 10 Percent Rental Escalations Every Five Years
- Hard Corner Location on 34th Street and Salem Avenue (23,485 VPD)
- E-Z Mart – Branded Fuel & Retail Site Backed by GPM Investments
- Strategic Location Near Texas Tech University and Lubbock Medical District
- More Than 236,064 Residents and 293,985 Employees Within a Five-Mile Radius
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease lease EZ Mart in Lubbock, TX. The property consists of a 2,193-square-foot, freestanding building that sits on approximately 0.37 acres of land. There are 7.9 years remaining on the lease with 10% rental increases every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,193 SF
Building Class
C
Year Built/Renovated
1983/1990
Price
$669,000
Price Per SF
$305.06
Cap Rate
6.75%
NOI
$45,150
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.37 AC
Frontage
199’ on 34th St
Amenities
- Corner Lot
- Pylon Sign
- Signage
Walk Score®
Very Walkable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | R29046 | Improvements Assessment | $168,582 |
| Land Assessment | $36,387 | Total Assessment | $204,969 |
Property Taxes
Parcel Number
R29046
Land Assessment
$36,387
Improvements Assessment
$168,582
Total Assessment
$204,969
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E-Z Mart (GPM Guaranty) | Eligible for Bonus | 4426 34th St
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