Established Shopping Center Investment
For Lease
Contact for pricing
1824 Parkway Drive, Lubbock, TX 79403
Fully occupied shopping center built in 2009 on US Highway 82.
Space Size2,800 SF
Lot Size3.89 Acres
Days on Market2635
Property Features for 1824 Parkway Drive
General Information
Standard status
Active
Size
2,800 SF
Lot size
3.89 Acres
Property subtype
RETAIL
Lease Type
NNN
Spaces For Lease
at 1824 Parkway Drive Contact us- Size
- 2,800 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE
- Sublease
- No
Office/Retail Space for Lease $10/SF/Yr
Conveniently located on US 82 frontage near MLK Blvd, this newer built center has...
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Listing Agency:
Keller Williams Commercial Lubbock
(806) 392-0578
Listed By:
Jeremy Steen · License #685530
(806) 392-0578
Source:
Moodyscre
Added: May 27, 2019
Changed: Aug 9
Last Checked: Apr 5 at 8:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Commercial Lubbock
Investment Insights
Based on property information with market context.
This shopping center, constructed in 2009, presents a 6.42% NNN investment opportunity within an opportunity zone. The property is situated in an established neighborhood and features high visibility on US Highway 82 (Parkway Drive). The property has occupancy and the tenant roster includes Pizza Hut, Cricket Wireless, Community Health Center of Lubbock, Renal Care, and Health Mart Pharmacy. The property has a size of 19416 square feet.
Key Highlights
- 42% NNN Investment Opportunity
- Located in an Opportunity Zone
- High Visibility on US Highway 82 (Parkway Drive)
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 18%
Electronics 13%
Dollar Tree
Shops & Services
8,174 visits/mo
0.2 miles
Dollar General
Shops & Services
5,026 visits/mo
0.1 miles
7-Eleven
Shops & Services
3,354 visits/mo
0.4 miles
Pizza Hut
Dining
2,630 visits/mo
0.1 miles
Domino's Pizza
Dining
1,730 visits/mo
0.0 miles
Demographics for 79403, TX
15,604
Population
6,530
Households
2.4
Avg Household Size
38
Median Age
11%
College-Educated
76%
High-School Grad
131.3 sq mi
ZIP Area
119
Density / Sq Mi
$45,343
Median Household Income
$27,431
Median Earnings
$946
Median Rent
$83,100
Median Home Value
Market
Lease Benchmarks for Lubbock, TX
$18.91 /SF/Yr
Avg Asking Price
$6–$28 /SF/Yr
Price Range
7,930 SF
Avg Space Size
This space is priced 47% below the average of $18.91 /SF/Yr.
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied shopping center built in 2009 on US Highway 82.
Where is this shopping center located?
The property is located at 1824 Parkway Drive Lubbock, TX.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: 42% NNN Investment Opportunity; Located in an Opportunity Zone; High Visibility on US Highway 82 (Parkway Drive)
