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    FOR LEASE
    Strip malls

    8004 Indiana Ave, Lubbock, TX 79423

    86,190 SF 6.6 ac lot Built 1984
    Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US82-3854481
    Property summary
    AI-generated overview

    Melonie Square, located at 8004 Indiana Ave, Lubbock, TX 79423, presents a fantastic opportunity for retail businesses. This single-story, 85,292 square foot strip center, built in 1984 and renovated in 2016, is zoned NC (Neighborhood Commercial) in Lubbock County. The property boasts a prime location with high visibility and excellent access. Two available spaces offer flexible sizes, ranging from 1,325 to 4,020 square feet, ideal for a variety of retail uses. The center benefits from a strong tenant mix, including neighboring businesses such as New Taco Villa and First Bank and Trust auto bank, ensuring high foot traffic and brand synergy. For qualified tenants, build-out options and lease concessions are readily available. Enhance your business presence with the opportunity to utilize a marquee sign and exterior facade signage. This property offers a compelling combination of established infrastructure, convenient location, and attractive lease terms, making it an exceptional investment for discerning businesses seeking a thriving retail environment in Lubbock, Texas. The property's single-building design and ample square footage provide a versatile space adaptable to various retail concepts. The 2016 renovation ensures modern amenities and a well-maintained property. This is an excellent opportunity to establish or expand your business in a high-traffic area with strong neighboring businesses.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1984
    Total area 86,190 SF
    Lot 6.6 ac (287,285 SF)
    Zoning code 38
    APN R55703
    UPID US82-3854481
    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
    • All American Vinyl (Bike/Boat/Book/etc) Store
    • Western Union Bank Credit Union
    • National Health Care Services LLC Home Health Care Service
    • Dollar General Discount Store
    • Venice Nails Spa Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.41M
    Owner & transaction history
    Dockside Threading INC · 7 yrs held
    Dockside Threading INC
    since 2019
    5 recorded transactions
    2019
    2019
    2008
    1969
    1969
    Zoning & alternative use
    38 · Lubbock, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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