1824 Parkway Dr Lubbock, TX 79403

This exceptional Lubbock, Texas shopping center presents a compelling investment opportunity. The property, encompassing 19,416 square feet across two single-story buildings, sits on a 3.81-acre lot with 94 parking spaces. Built in 2009, the Class B property boasts a strong 86% occupancy rate and features a diverse tenant mix including Pizza Hut, Cricket Wireless, Community Health Center of Lubbock, Renal Care, and Health Mart Pharmacy. The center benefits from a prominent location on US Highway 82 (Parkway Drive), providing excellent visibility and high traffic exposure. The property is zoned for retail use and operates under a triple-net lease (NNN) structure with a remaining lease term of 10 years. The asking price is $3,000,000, representing a compelling 6.42% cap rate. This investment opportunity is further enhanced by its designation as an opportunity zone. The property's diverse tenant mix, long-term leases, and prime location make it an attractive addition to any investment portfolio. The 287 feet of frontage on Parkway Drive ensures high visibility for all tenants. This is a rare opportunity to acquire a well-established, high-performing retail center in a thriving Texas market. The property's diverse subtypes include retail, office, medical, mixed-use, flex space, and net-leased properties.