5312 114th Street
$940,000
5312 114th Street, Lubbock, TX 79424
7.78
Cap Rate
73,132.56
NOI
Details:
Highlights:
- Class A office building completed in 2021
- 4,179 SF single-tenant investment property
- 100% leased with a recently renewed two-year lease
- Built-in rental escalations provide income growth
Description:
Completed in 2021, this Class A office investment property offers the opportunity to acquire a modern, fully leased asset in one of South Lubbock's most desirable commercial corridors. Located on 114th Street just west of Slide Road, the 4,179-square-foot single-tenant office building benefits from a strong surrounding mix of professional offices, retail, restaurants, and rapidly growing residential development.
The property is 100% leased to a single tenant who has recently renewed their lease for an additional two-year term, providing immediate and stable cash flow. The renewal includes a built-in rental escalation, offering investors increasing income throughout the remaining lease term.
The property is located West of Slide Road on 114th Street. It is on the North side of the street and the 3rd lot west of the intersection of Abbey Glen Apartment.
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Location
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