12210 Quaker Ave Lubbock, TX 79424

Property Details for 12210 Quaker Ave

Year built

2018

Lot size

1.55 lot acres

Property size

18,081 SF

Property type

Commercial real estate

APN

R332875

APU

R332875

Description

This exceptional 18,018-square-foot medical office building in Lubbock, Texas, is offered for sale at $7,323,371 ($406.45/sq ft). The single-tenant property sits on a 1.55-acre lot at 12210 Quaker Ave, 79424, within the desirable Vintage Township neighborhood. The building benefits from a strong net-net lease with a reputable tenant, West TX Eye Clinic, a long-standing practice established in 1998 and part of a larger, nine-practice family of medical facilities. The lease includes 2% annual rent increases throughout its term, and features 2-5 year renewal options with the same increase structure. This location boasts high visibility on a major thoroughfare leading to Loop 289, experiencing over 21,000 vehicles per day. The surrounding area includes national and regional retailers such as Walmart, Academy, Chick-fil-A, HEB, and Starbucks, indicating a strong retail environment. The property is situated in a high-income area, with average household incomes exceeding $134,800 within a one-mile radius. This presents a compelling investment opportunity due to the combination of a stable, long-term tenant, a prime location, and significant growth potential.

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Longitude

-101.905

Latitude

33.4828

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments