Two-Tenant NNN Retail
For Sale
Contact for pricing
2903 50th St, Lubbock, TX 79413
Fee-simple ownership includes the land and building within a regional shopping center.
Property SizeContact for details
Days on Market142
Property Features for 2903 50th St
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Anchor Co-Tenants
Ross Dress for Less, DD's Discount Store, Dollar Tree, Club 4 Fitness
Traffic Count
27,000 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
Faris Lee Investments
(949) 221-1810
Listed By:
Jeff Conover · License #CA 01008195
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 7:07PM
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 Faris Lee Investments
Investment Insights
Based on property information with market context.
This fee-simple retail asset includes both the land and improvements and is leased to two occupants under NNN agreements. Ross Dress for Less has operated at the property since 2006 and recently exercised a second five-year renewal option, with three additional five-year options remaining. Allington Dental has occupied its space since 2010 and exercised a second seven-year renewal in 2023. Both leases provide for rental increases.
The property is part of Caprock Shopping Center, a 255,000-square-foot regional community center along 50th Street in Lubbock. The center is co-anchored by Dollar Tree, with DD’s Discount Store and Club 4 Fitness identified as coming soon. The site records more than 27,000 vehicles per day and is adjacent to Home Depot. Texas Tech University, with more than 40,000 college students, is nearby, while the surrounding five-mile area includes over 213,000 residents.
The property is part of Caprock Shopping Center, a 255,000-square-foot regional community center along 50th Street in Lubbock. The center is co-anchored by Dollar Tree, with DD’s Discount Store and Club 4 Fitness identified as coming soon. The site records more than 27,000 vehicles per day and is adjacent to Home Depot. Texas Tech University, with more than 40,000 college students, is nearby, while the surrounding five-mile area includes over 213,000 residents.
Key Highlights
- Two‑tenant retail asset with NNN leases and fee‑simple ownership of the land and building
- Ross Dress for Less occupancy dates to 2006; second five‑year renewal exercised with three additional five‑year options
- Allington Dental has occupied the property since 2010 and exercised a second seven‑year renewal in 2023
Property Analytics
Property Profile
Current Use
Lease Details
27,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
161k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Home Improvements & Furnishings 27%
Shops & Services 17%
Apparel 17%
The Home Depot
Home Improvements & Furnishings
43,786 visits/mo
0.3 miles
Rosa's Cafe
Dining
31,322 visits/mo
0.3 miles
Ross Dress for Less
Apparel
27,518 visits/mo
0.0 miles
Dollar Tree
Shops & Services
22,456 visits/mo
0.2 miles
HTeaO
Dining
9,980 visits/mo
0.3 miles
Demographics for 79413, TX
20,962
Population
9,590
Households
2.2
Avg Household Size
35
Median Age
35%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
4,460
Density / Sq Mi
$67,062
Median Household Income
$38,004
Median Earnings
$1,325
Median Rent
$195,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Fee-simple ownership includes the land and building within a regional shopping center.
Where is this nnn property located?
The property is located at 2903 50th St Lubbock, TX.
What are key features of this property?
This property features: Two‑tenant retail asset with NNN leases and fee‑simple ownership of the land and building; Ross Dress for Less occupancy dates to 2006; second five‑year renewal exercised with three additional five‑year options; Allington Dental has occupied the property since 2010 and exercised a second seven‑year renewal in 2023
