For Sale
Call for price

2862 34Th StLubbock, TX 79410

High-Yield Dollar General Anchored Center

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 14,166 square foot retail shopping center in Lubbock, Texas, boasting 100% occupancy. The property features two tenants, including a Dollar General that serves as a regional training center, ensuring strong, long-term revenue generation. Built in 1956, this single-story, 1-building center sits on a 15,600 square foot lot and is zoned F1 - Real Commercial. The current Net Operating Income (NOI) stands at $38,050, reflecting a stabilized investment with significant upside potential. Leases are modified gross, with tenants responsible for utilities. Below-market rents offer immediate value-add opportunities for the savvy investor. This property presents a rare chance to acquire a cash-flowing, multi-tenant retail center anchored by a national brand in a prime Lubbock location. The property consists of two units, offering flexibility and diversification. This is a turnkey investment ready for immediate income generation.

Highlights

  • 14,166 SF retail center in Lubbock, TX with 100% occupancy.
  • Two tenants, including a Dollar General regional training center, providing strong, long-term income.
  • Single-story building on a 15,600 SF lot, zoned F1.
  • $38,050 NOI with below-market rents and value-add potential.
  • Modified gross leases; tenants pay utilities.
  • Turnkey investment with immediate income generation.

Property Details for 2862 34Th St

Property type
Lifestyle centers, Power centers
Square Feet
14,166 SF
Year Built
1956
Buildings
1
Stories
1
Units
2

Location Insight

City
Lubbock
County
Lubbock
State
Texas
Latitude
33.563275439542
Longitude
-101.87858901819
2862 34Th St, Lubbock, Texas

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2862 34Th St
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