1824 Parkway Dr Lubbock, TX 79403

Presenting an exceptional opportunity to acquire a stabilized NNN retail and medical center located at 1824 & 1826 Parkway Drive in Lubbock, Texas. This Class B property, built in 2009, offers investors a secure 6.42% cap rate return and is strategically positioned within a designated Federal Opportunity Zone, providing significant potential tax benefits. Spanning 19,416 square feet on a generous 3.81-acre lot, the center boasts excellent visibility and access with 287 feet of direct frontage on US Highway 82 (Parkway Drive), a major thoroughfare in an established neighborhood. The investment is anchored by a diverse and resilient tenant mix, ensuring a consistent income stream. The center is home to long-term, nationally recognized brands including Pizza Hut and Cricket Wireless, as well as vital community services like the Community Health Center of Lubbock, Renal Care, and Health Mart Pharmacy. This blend of retail and recession-resistant medical tenants contributes to the property's stable 86% average occupancy rate. With its prime location, strong tenant history, and valuable Opportunity Zone status, this property represents a premier net-leased investment in the thriving Lubbock market.