For Sale
$785,217
4426 34Th St Lubbock, TX 79410
High-Yield Convenience Store Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 2,193 SF EZ Mart convenience store and gas station in Lubbock, TX, on a 0.37-acre lot.
- Absolute NNN lease with GPM Southeast LLC (ARKO Corp subsidiary), 8.4 years remaining (expires April 30, 2033), with six 5-year renewal options, each with a 10% rent increase.
- Asking price: $785,217 ($358.06/SF), 5.75% cap rate, $45,150 current NOI.
- Located 2.2 miles from Texas Tech University (40,000+ students) and 1.6 miles from Lubbock's Medical District.
- Tenant is ARKO Corp (NASDAQ: ARKO), a major convenience store operator with $9.4 billion in 2023 revenue.
Property Details for 4426 34Th St
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 2,193 SF
- Year Built
- 1983
- Lot Size (sq. ft)
- 16,117 SF
- Units
- 1
Location Insight
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Latitude
- 33.563341868361
- Longitude
- -101.90843395157
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Yield Convenience Store Investment
- Where is the retail property located?
- The property is located at 4426 34Th St Lubbock, TX.
- What is the asking price?
- The asking price for this property is $785,217.
- What are key features of this property?
- This property features: 2,193 SF EZ Mart convenience store and gas station in Lubbock, TX, on a 0.37-acre lot.; Absolute NNN lease with GPM Southeast LLC (ARKO Corp subsidiary), 8.4 years remaining (expires April 30, 2033), with six 5-year renewal options, each with a 10% rent increase.; Asking price: $785,217 ($358.06/SF), 5.75% cap rate, $45,150 current NOI.
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