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8333 Upland Avenue
Lubbock, TX 79424
Retail Property For Sale
Investment Highlights
- Lease expirations staggered through 2032
- Opportunity for future upside through lease-up and rental growth.
- Strong mix of office and retail tenants
Executive Summary
Leased investment opportunity featuring a diverse mix of established office and retail tenants with staggered lease expirations through 2032, providing stable cash flow and minimizing rollover risk. The 7,414 SF property generates approximately $221,864 in Net Operating Income, offering investors close to a 7.0% capitalization rate at the $3,400,000 asking price. A combination of NNN and Base Year lease structures helps provide predictable operating expenses while positioning the asset for future rental growth. This is an exceptional opportunity to acquire a stabilized, income-producing asset with long-term upside.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,414 SF
Building Class
B
Year Built
2024
Price
$3,400,000
Price Per SF
$458.59
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.38 AC
Zoning
NC - Commercial
Parking
25 Spaces (3.37 Spaces per 1,000 SF Leased)
Frontage
161’ on Upland Avenue
Property Taxes
| Parcel Number | R351751 | Improvements Assessment | $519,806 |
| Land Assessment | $104,394 | Total Assessment | $624,200 |
Property Taxes
Parcel Number
R351751
Land Assessment
$104,394
Improvements Assessment
$519,806
Total Assessment
$624,200
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