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    FOR LEASE
    Turn key restaurants

    5402 4Th St, Lubbock, TX 79416

    2,344 SF Built 1982
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US82-2125250
    Property summary
    AI-generated overview

    This exceptional 19,000 square foot medical office space is ideally situated in Suite B of the North Point Center, a thriving retail hub in Northwest Lubbock, Texas. The property boasts a single-tenant occupancy, offering a unique opportunity for a medical practice seeking ample space and high visibility. Located at 5402 4th Street, zip code 79416, this Class C retail and office space benefits from its strategic placement within a major retail center anchored by established businesses such as Big Lots and TruFit Athletic Clubs. This high-traffic location ensures significant daily exposure to potential patients and clients. The property's convenient access and prominent position along 4th Street, a thoroughfare with a daily traffic count of 23,258 vehicles, guarantees excellent visibility and accessibility. The building offers an in-line retail suite configuration, providing a readily adaptable space for a variety of medical uses. This single-tenant property presents a rare opportunity to establish or expand a medical practice in a dynamic and well-established commercial center. The property is classified as a Class C building and is categorized as a retail and office space with a medical office subtype. The address is verified as 5402 4th St, Lubbock, TX 79416.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1982
    Total area 2,344 SF
    Zoning code 38
    APN R95650
    UPID US82-2125250
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • B H Properties Real Estate Agency
    • Bargainbinslbk2 Discount Store
    • Taco Villa Restaurant
    • TruFit Athletic Clubs - 4th St Gym & Fitness Center
    • ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Lubbock Commons Group LLC · 4 yrs held
    Lubbock Commons Group LLC
    since 2022
    7 recorded transactions
    2022
    2019
    2018
    2018
    2016
    2010
    2009
    Zoning & alternative use
    38 · Lubbock, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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