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 Market2691
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
Office/Retail Space for Lease
$10/SF/Yr
Size
2,800 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE
Sublease
No
Conveniently located on US 82 frontage near MLK Blvd, this newer built center has high visibility and strong Tenants including Pizza Hut, Parkway Health Mart and Pharmacy, Cricket Wireless, and Community Health Center of Lubbock Renal Care.
The suite has a large waiting room, 6 exam rooms/offices, 2 bathrooms, a main office, and an equipment room. The suite could easily be converted to retail or restaurant space.
Contact listing agent for more information.
Contact us
Listing Agency:
Keller Williams Commercial Lubbock
(806) 771-7710
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
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Shops & Services 39%
Dining 10%
Electronics 7%
United Supermarkets
Groceries
19,662 visits/mo
0.5 miles
Dollar Tree
Shops & Services
8,174 visits/mo
0.1 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
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Lubbock, TX
$22.15 /SF/Yr
Avg Asking Price
$15–$28 /SF/Yr
Price Range
6,458 SF
Avg Space Size
This space is priced 55% below the average of $22.15 /SF/Yr.
Vacancy Rate% for Retail in South region
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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)
