Stone Ridge

Description:

Lubbock, TX has been nicknamed the "Hub City" due to the central highway access to all parts of the West Texas and Panhandle region. Lubbock is home to major economic drivers such as Texas Tech University, Lubbock Christian University, South Plains College, Texas Tech Health Sciences Center, University Medical Center (UMC), Covenant Hospital, and agriculture. Lubbock has a metropolitan population of 318,679 with projected 7% growth through 2022 and a regional population of 600,000+.

Texas Tech University was founded in 1923 and is the largest comprehensive higher education institution in the western 2/3 of the state of Texas. current enrollment of 40,322 students which sets an enrollment record for the 13th consecutive year for Texas Tech University. Texas Tech is among 131 universities and colleges in the Carnegie Classification of Institutions of Higher Education's "Very High Research Activity" category. (ttu.edu/about/).

Cotton growth in the area is the #1 cash crop on the high plains which produces 2/3 of the state of Texas' crop production, 1/4 of the nation's crop production, and 4% of the world's crop production. (http://www.lubbockchamber.com/ag-facts)

Lubbock recently opened a $158 million 220,000 square foot performing arts and sciences center called the Buddy Holly Hall that features 2 separate theaters, multi-purpose event room, Ballet Lubbock Pre-Professional Academy, fine dining restaurant, and main lobby area.

Leprino Foods Co. announced a $870 million project to construct and develop a 850,000 square foot plant on 258 acres with expected completion in 2026. The company will create at least 600 new jobs for the Lubbock area. This marks as the one of the largest single private investments for Lubbock's city history.

Texas Department of Transportation is in the beginning stages of developing the upcoming "Outer Loop" or officially known as Loop 88 or US 84 Bypass. The two-way thoroughfare will be located on the wester outskirts of Lubbock connecting US 84 in Slaton to US 84 in Shallowater. (everythinglubbock.com by Matt Stell).

Statistics and sources provided by Lubbock Economic Development Association (LEDA - https://lubbockeda.org/), Lubbock Chamber of Commerce (lubbockchamber.com), and Lubbock Entertainment/Performing Arts Association (https://lepaa.org/the-buddy-holly-hall-of-performing-arts-and-sciences/), Texas Tech University (ttu.edu/about/), and Everything Lubbock (everythinglubbock.com).

For Lease - Stoneridge Shopping Center

Located in close proximity to national and regional retailers

High population and household density

Growing area of Southwest Lubbock

+19,800 VPD on 98th St

Coldwell Banker Commercial, Capital Advisors is pleased to offer for lease Stone Ridge retail center in Southwest Lubbock, TX. The property is situated on the heavily trafficked road, 98th Street, with approximately 20,000 vehicles per day. Just south of the subject property is the future development of the new Loop 88 (Outer Loop) which is currently been 130th Street and/or 1585. Loop 88 will extend from Slaton Highway to FM 179 in Wolfforth, TX and then to Reese campus in Northwest Lubbock. Notable nearby tenants and other include: Kohl's, Big Lots, United Marketstreet, Wal-Mart Neighborhood, and Cooper School District.

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Listing ID: 3a6c847a-b40d-4b64-a21d-76d6e0415421

1 Space Available

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