West TX Eye Portfolio
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West TX Eye Portfolio
2 Office Properties Offered at $13,844,874 CAD in Lubbock, TX
Investment Highlights
- Long-term NN Leases with 2% Annual Rent Increases | 2 - (5) yr Options with 2% Annual Increases Throughout
- Purchased by American Vision Partners - Part of a family of 9 Other Medical Practices; 120 Locations
- Avg HH Income Between $98,800 and $184,000+ |Dense and Growing Neighborhoods
- Long-term Stable Practice Serving Lubbock Since 1998
- Both Locations are Surrounded by National and Regional Tenants such as Walmart Supercenter, CVS, Home Depot, Starbucks, Chick-fil-A, H-E-B and more
- On Major Thoroughfares and Less than 5 miles from South Plains Mall and Within 7 miles from Lubbock Medical District
Executive Summary
TREK Investment Group is pleased to offer for sale the American Vision Partners / West Texas Eye Associates Portfolio of 2 properties which include two Eye Clinics. The properties are strategically located near the south of Loop 289 with traffic counts of 42,500+VPD, and in dense and growing neighborhoods with Household Incomes between $98,800 and $184,000+. They are surrounded by National and Regional Tenants such as Walmart Supercenter, CVS, Home Depot, Starbucks, Chick-fil-A, and H-E-B. Both locations are less than five miles from the
South Plains Mall and within seven miles of the Lubbock Medical District.
South Plains Mall and within seven miles of the Lubbock Medical District.
Property Facts
| Price | $13,844,874 CAD | Number of Properties | 2 |
| Price / SF | $574.12 CAD / SF | Individually For Sale | 2 |
| Cap Rate | 7% | Total Building Size | 24,115 SF |
| Sale Type | Investment | Total Land Area | 2.53 AC |
| Status | Active |
| Price | $13,844,874 CAD |
| Price / SF | $574.12 CAD / SF |
| Cap Rate | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 24,115 SF |
| Total Land Area | 2.53 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3611 50th St, Lubbock, TX 79413 | Office | 6,034 SF | 1978 | $3,464,216 CAD |
| 12210 Quaker Ave, Lubbock, TX 79424 | Office | 18,081 SF | 2018 | $10,380,659 CAD |
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West TX Eye Portfolio
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