Description
Big price reduction!!! Great investment property with a absolute NNNN lease with a Land value of over $500,000. This is one of the most popular retail and professional office areas in Lubbock, on 82nd St. between Frankfort and Milwaukee. Absolute NNN lease with 2 years remaining and two 5 year extension with 5% increases. Current rent is $5,076.09. The existing building can be easily converted to a fast food restaurant or branch bank. This property has unlimited options as income producing as well as expansion and other best use options. Lot could be sub-divided into 2 partials.
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0BEDS
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0.68ACRES
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0BATHS
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01/2 BATHS
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2,460SQFT
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$346$/SQFT
School Ratings & Info
Description
Big price reduction!!! Great investment property with a absolute NNNN lease with a Land value of over $500,000. This is one of the most popular retail and professional office areas in Lubbock, on 82nd St. between Frankfort and Milwaukee. Absolute NNN lease with 2 years remaining and two 5 year extension with 5% increases. Current rent is $5,076.09. The existing building can be easily converted to a fast food restaurant or branch bank. This property has unlimited options as income producing as well as expansion and other best use options. Lot could be sub-divided into 2 partials.
© 2024 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-10-13T23:59:39.447.