5202 82nd Street Lubbock, TX 79424

Building Details

Year Built

2015

Listing office The Powell Group l***@gmail.com Show Phone

Listing date Mar 29, 2022

Source Realnex

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Investment Insights

Based on property information with market context.

This 6,630 square foot medical urgent care facility in Southwest Lubbock presents an NNN investment opportunity with a new seven-year lease with Covenant Medical Center. Previously licensed as a Texas free-standing emergency room, the property offers versatile usage options, including urgent care medical facilities, outpatient surgery, physical therapy, chemotherapy treatment, and more. The property benefits from high visibility with approximately 33,000 vehicles per day. It is surrounded by retail centers, restaurants, and offices. The property operates under a land lease with 30 years remaining on the lease. The property's location and adaptable layout make it suitable for various medical and commercial ventures.

Key Highlights

• NNN investment opportunity with a new seven‑year lease (Covenant Medical Center).
• Great investment: 7.2% cap rate on average NOI over 7 years.
• High visibility location with approximately 33,000 vehicles per day (VPD).

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FAQs

What type of property is this?

Medical Office Space - Medical urgent care facility with a new seven-year lease.

Where is this medical office space located?

The property is located at 5202 82nd Street Lubbock, TX.

What is the asking price?

The asking price for this property is $2,450,000.

What are key features of this property?

This property features: NNN investment opportunity with a new seven‑year lease (Covenant Medical Center).; Great investment: 7.2% cap rate on average NOI over 7 years.; High visibility location with approximately 33,000 vehicles per day (VPD).