3611 50Th St Lubbock, TX 79424

This exceptional investment opportunity presents a portfolio of two medical office buildings totaling 24,052 square feet, situated on a 2.53-acre lot in Lubbock, Texas. The property is currently under a net lease with a remaining term of 7.6 years, expiring July 1, 2032, and includes two 5-year lease options. The lease commenced August 1, 2022, and features a 2% annual rent increase. The asking price is $9,767,314, representing a price per square foot of $406.09 and a 7.00% cap rate. The current Net Operating Income (NOI) stands at $683,712. The buildings are strategically located near the south of Loop 289, an area with high traffic volume (42,500+ vehicles per day), and are surrounded by major national and regional retailers, including Walmart, CVS, Home Depot, Starbucks, Chick-fil-A, and H-E-B. The properties benefit from their proximity to the South Plains Mall (less than five miles) and the Lubbock Medical District (within seven miles). The area boasts high average household incomes, ranging from $98,800 to over $184,000, indicating a strong and growing market. This portfolio offers a stable, long-term investment with built-in rent growth.