Property profile

12011 Indiana Ave Lubbock, TX 79423

OFF-MARKET
Retail properties & Spaces
6,400 SF
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Property summary

AI-generated overview

This exceptional retail opportunity is located in the highly desirable South Lubbock area, within the newly constructed Mitley Shopping Center. The center boasts a prime location directly on Indiana Avenue, ensuring excellent visibility and convenient access for customers. The property consists of a single, one-story building totaling 6,400 square feet, currently divided into four suites. A significant portion of the center, 3,200 square feet, is available for lease. This space is highly adaptable, offering flexible layouts ranging from a minimum of 1,600 square feet to a maximum contiguous space of 3,200 square feet. Businesses seeking larger footprints can potentially combine available suites to achieve their desired size. One particularly attractive space is an endcap unit, ideally suited for businesses requiring a drive-thru, complete with a 1,500-gallon grease trap already installed. This turnkey solution minimizes upfront costs and allows for a rapid start to operations. The property is situated in Lubbock County and presents a unique chance to establish a presence in a thriving retail market. The open shell space allows for complete customization to meet specific business needs. Don't miss this chance to secure a prominent location in a brand-new retail center.

Property profile

Verified
Property type Retail properties & Spaces
Total area 6,400 SF

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
  • (Bike/Boat/Book/etc) Store

Location

12011 Indiana Ave Lubbock, TX 79423
Lubbock metro
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Value estimations

Realmo proprietary · 4 methods
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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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