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- LoopNet Team
5102 Salem Ave
Lubbock, TX 79414
J Kids Pediatric Dentistry · Office Property For Sale
PROPERTY FACTS
- Medical
- General Retail Freestanding
- General Retail Storefront Retail/Office
- Office Office Residential
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.
Links
PROPERTY TAXES
Parcel Number | R49180 | Improvements Assessment | $219,540 |
Land Assessment | $40,500 | Total Assessment | $260,040 |
PROPERTY TAXES
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Listing ID: 15816624
Date on Market: 4/24/2019
Last Updated:
Address: 5102 Salem Ave, Lubbock, TX 79414
The Office Property at 5102 Salem Ave, Lubbock, TX 79414 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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