NET LEASED STRIP CENTER WITH DRIVE-THRU & OUTDOOR SEATING

The subject property is a 21,000 SF retail strip center that is 93.14% occupied. The current tenants pay an average in-place rent of $22.50. Both end cap spaces offer premier restaurant amenities, one with a drive-thru and the other with outdoor seating.

UPSIDE POTENTIAL THROUGH VACANCY LEASE UP

There is a sole 1,440 SF vacancy, leasing this space at $24.00/SF will result in a 7.85% increase to the Scheduled Lease Income.

SHADOW ANCHORED BY 55K SF COVENANT HEALTH SOUTHWEST MEDICAL PARK

Significant traffic is driven to the subject property by the adjacent Covenant Health Facility. Covenant Health occupies the entire building, offering both primary and urgent care services. Within Lubbock, Covenant Health employs over 5,000 people and has 977 beds.

LANDLORD-FRIENDLY NNN LEASE STRUCTURE

All in-place leases are fully triple-net and include management reimbursement, allowing for passive management.

AFFLUENT AND GROWING CONSUMER BASE WITHIN IMMEDIATE TRADE AREA

Within a one-mile radius of the subject property, 13,201 residents earn an average household income of $145,543. The population within a five-mile radius is projected to grow by 8.5% by 2028 to 186,630.