Texas Tech Retail Plaza

Contact

WILL WALTERS
214-675-3665
WILLWALTERS@DUWESTREALTY.COM

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Location

2510 Marsha Sharp Fwy, Lubbock, TX 79401

Price:  
5,100,000
Cap Rate:  
7.55%
Description

DuWest Realty Investment Services is pleased to offer a three-tenant NNN retail center in the heart of the university district in Lubbock, Texas. The center is adjacent to Texas Tech University (37,000 enrollment) and serves the thousands of students and families living in the immediate vicinity. The 14,992 square-foot retail strip was built in 2010 on 55,879 square-feet of land, or 1.283 acres. The tenancy is dining and service related perfectly catered to the university. Domino's Pizza, Firehouse Subs, and Merrill Lynch Wealth Management also offer brand-name visibility for the property at the intersection of Marsha Sharp Freeway (55,000 VPD) and University Avenue (17,350 VPD). Traffic counts, student housing, and major retailers surrounding this site will protect long-term value for both the landlord and tenancy.

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