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5102 Salem Ave
Lubbock, TX 79414

J Kids Pediatric Dentistry · Office Property For Sale

PROPERTY FACTS

Property Type
Office
Property Subtype
Medical
Building Size
2,200 SF
Building Class
C
Year Built
1980
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,200 SF
Building FAR
0.22
Lot Size
0.23 AC
Zoning
NC - Neighborhood Commercial
Parking
14 Spaces (6.36 Spaces per 1,000 SF Leased)

Amenities

  • Security System
  • High Ceilings
  • Natural Light
  • Outdoor Seating
  • Air Conditioning

About 5102 Salem Ave , Lubbock, TX 79414

REK Investment Group is pleased to offer for sale J Kids Pediatric Dentistry, a 2,200 SF freestanding, Single Tenant retail property located in Lubbock, Texas. The NNN lease will be extended 10 years at the sale closing so that there will be 10 years remaining on the initial lease term. The lease also features 2 - (5) year Option Periods, with 10% increases at the beginning of each option period, offering investors steady NOI growth. The Triple Net Lease requires minimal Landlord responsibility with the tenant responsible for taxes, insurance, and most repairs. Landlord is responsible for roof and structure. The subject property is ideally located within 2 minutes drive from Williams Elementary and Stewart Elementary and 1 mile from Evans Middle School, having a combined enrollment of 1,600+ students. It is shadowed by the Kelly Services building on the hard corner of Salem and 50th streets with traffic counts of 23,000+VPD, and less than a mile from Texas Loop 289 and Slide Road with traffic counts of 81,000+VPD. The subject property is one mile from South Plains Mall, LUX 16 IMAX, and National Retails such as McDonalds, Chili's Grill & Bar, Mattress Firm, Olive Garden.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R49180
Land Assessment
$40,500
Improvements Assessment
$219,540
Total Assessment
$260,040
  • Listing ID: 15816624

  • Date on Market: 4/24/2019

  • Last Updated:

  • Address: 5102 Salem Ave, Lubbock, TX 79414

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