2862 34th St Lubbock, TX 79410-3524
Property summary
This exceptional investment opportunity presents a 14,166 square foot retail shopping center in Lubbock, Texas, boasting 100% occupancy. The property features two tenants, including a Dollar General that serves as a regional training center, ensuring strong, long-term revenue generation. Built in 1956, this single-story, 1-building center sits on a 15,600 square foot lot and is zoned F1 - Real Commercial. The current Net Operating Income (NOI) stands at $38,050, reflecting a stabilized investment with significant upside potential. Leases are modified gross, with tenants responsible for utilities. Below-market rents offer immediate value-add opportunities for the savvy investor. This property presents a rare chance to acquire a cash-flowing, multi-tenant retail center anchored by a national brand in a prime Lubbock location. The property consists of two units, offering flexibility and diversification. This is a turnkey investment ready for immediate income generation.
Property profile
VerifiedCap rate & NOI
Current use
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Grocery & Convenience Store Food Market
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Bank Credit Union
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
38 · Lubbock, TXZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for 38 in Lubbock, TX.
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Find the owner behind the property.
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