Asking Price
Area Size
NOI Net Operating Income
NIY

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1985
Building Area Net
Occupancy 100.0 %

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in the 140,231 SF retail asset located at 4304 West Loop 289 in Lubbock, TX (the “Property” or “Asset”). The Property is fully leased by At Home Décor Superstore (“At Home” the “Tenant”) and currently has 7-years of lease term remaining, subject to 2.0% annual increases. Per Placer. Ai's annual visitor data, this location is within the top 10% of all At Home locations nationally and within the top 3% in the state of Texas.


The Property is ideally situated just off Highway 289 along West Loop 289, a highly trafficked retail corridor (73,285 VPD) in the heart of Lubbock, TX. The Lubbock MSA is the largest in West Texas with an estimated population of 319,000 and serves the area with top-quality medical care and educational institutions. Texas Tech University is located less than 5-miles from the Asset and has an undergraduate enrollment of +40,000 students. The Property is directly adjacent to the Canyon West Shopping Mall, which houses nationally recognized retail tenants including Sam’s Club (2.2M Annual Visits), Pet Smart, Burlington, Target, Office Depot, Qdoba and Ulta Beauty. Retailers to the north of the asset: Best Buy, Walmart, Nike, Cabela's, and Costco.

Investment Highlights

  • NNN lease offering with 7-years of primary term remaining and subject to 2.00% annual increases
  • Per Placer.Ai's annual visitor data, this location is within the top 10% of all At Home locations nationally and within the top 3% in the state of Texas
  • Close proximity to Texas Tech University (+40,000 student enrollment)
  • +200K residents within a 5-mile radius
  • West End Center Shopping Mall located directly to the north the site which houses major national tenants including: Costco, Cabela's, Marshalls, Nike Factory Store, Best Buy, Five Below, Bed Bath & Beyond, Dave & Busters, and more.
  • Ideally situated just off Highway 289 along West Loop 289, a highly trafficked retail corridor (73,285 VPD) 
  • Nearly 750 multifamily units spanning across 3 apartment complex's just to the north of the Asset
  • Canyon West Shopping Mall is located directly to the west of the Property. The mall's tenant roster includes Sam's Club (over 2M annual visitors), Pet Smart, Burlington, Target, Office Depot and more.
Last Updated Date: 20 Oct 2022

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 20 Oct 2022

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.