Technical
Financial
Distress signals
Property profile

2204 Lubbock Hwy Lamesa, TX 79331

OFF-MARKET
Commercial real estate
Property ID
US82-8253304
9,404 SF 0.72 ac lot Built 1982
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a single-tenant Dollar Tree grocery store located at 2204 Lubbock Hwy, Lamesa, TX 79331. The property boasts 8,724 square feet on a 0.72-acre lot and was constructed in 2016. Currently operating under a Net Net + (NN+) lease, the property offers a strong 7.25% cap rate with a Net Operating Income (NOI) of $76,335. The lease with Dollar Tree has a remaining term of approximately 1.4 years, expiring April 30, 2026, representing a significant remaining lease term. The asking price is $1,052,897, translating to a price per square foot of $120.69. The property is 100% occupied, providing immediate cash flow and a stable investment. This is a single-story building situated on a sizable lot in Dawson County, Texas. The investment type is classified as Institutional, making it an attractive option for various portfolio strategies. This well-located Dollar Tree store presents a compelling opportunity for investors seeking a stable, high-yield retail investment in a strong market. The property's strong tenant, favorable lease terms, and high occupancy rate make it an ideal addition to any commercial real estate portfolio.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1982
Total area 9,404 SF
Lot 0.72 ac (31,494 SF)
APN 7636
UPID US82-8253304

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store

Location

2204 Lubbock Hwy Lamesa, TX 79331-2718
Lamesa metro Census 950401 LAMESA, TX MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$365k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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