5202 82Nd St Lubbock, TX 79424

This exceptional Class A, 6,630 square foot medical office building presents a compelling NNN investment opportunity in the rapidly growing southwest sector of Lubbock, Texas. Located at 5202 82nd St, Lubbock, TX 79424, this single-tenant property boasts 100% occupancy with a new seven-year lease in place with Covenant Medical Center, a subsidiary of Providence Healthcare, the 7th largest health system in the US by net patient revenue. The building, constructed in 2015, sits on a 22,500 square foot lot and features a comprehensive layout designed for medical use, including four emergency suites, four exam suites, a nurse's station, secure medication storage, laboratory and X-ray/CT suites, and ample storage. Additional amenities include a Kohler natural gas emergency generator and a convenient location with high visibility on a major thoroughfare experiencing approximately 33,000 vehicles per day, surrounded by complementary retail and commercial establishments. The property benefits from a 30-year remaining land lease and offers a strong 8.00% cap rate with a net operating income (NOI) of $1,742,994 and an asking price of $2,158,000 ($325.49/sq ft). The versatile design allows for various medical uses, such as urgent care, outpatient surgery, physical therapy, or chemotherapy treatment. This investment offers a secure, high-return opportunity in a thriving market. The permitted zoning is AC.