American Council of the Blind | 1502-1508 34th St
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American Council of the Blind 1502-1508 34th St
22,300 SF Retail Building Lubbock, TX 79411 £689,237 (£31/SF) 7.54% Net Initial Yield
Investment Highlights
- Double Net Retail Property With 4+ Years Remaining
- Strong Location in a Dense Residential, Retail, and Education Corridor Near Multiple Schools and Local Retail Tenants
- 2 Miles From Texas Tech University, a Major Public University With Over 42,000 Students and Staff | NCAA Division I Athletics
- Minimal Landlord Responsibilities, Tenant Reimburses 100% of Taxes
- Just Off of Interstate 27 (54,600 Vehicles Per Day) and US-84 (17,400 Vehicles Per Day), 2 Miles From Downtown Lubbock
- Lubbock is the Largest Metropolitan Area in the Western Texas/East New Mexico Region
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£55,533
|
£2.49
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£55,533
|
£2.49
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£3,513
|
£0.16
|
| Net Operating Income |
£52,020
|
£2.33
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | £55,533 |
| Annual Per SF | £2.49 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £55,533 |
| Annual Per SF | £2.49 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £3,513 |
| Annual Per SF | £0.16 |
| Net Operating Income | |
|---|---|
| Annual | £52,020 |
| Annual Per SF | £2.33 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,300 SF
Building Class
C
Year Built
1961
Price
£689,237
Price Per SF
£31
Net Initial Yield
7.54%
NOI
£51,988
Tenancy
Single
Number of Floors
1
Building FAR
0.66
Lot Size
0.77 AC
Zoning
Commercial
Parking
50 Spaces (2.24 Spaces per 1,000 SF Leased)
Frontage
354 ft on 34th St
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- American Council Of The Blind
- Retailer
- -
- -
- Double Net
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| American Council Of The Blind | Retailer | - | - | Double Net | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £432,806 (2024) | |
| Land Assessment | £55,249 (2024) | Total Assessment | £488,055 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£55,249 (2024)
Improvements Assessment
£432,806 (2024)
Total Assessment
£488,055 (2024)
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American Council of the Blind | 1502-1508 34th St
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