
Northpark Village
US - Lubbock, TX
€9,488,000 | 6,548 m²
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in Oak 36 Retail Center. This multi-tenant center is located just off of and is highly visible from MN-36, which carries over 38,000 vehicles per day. The property is located within a dense retail corridor featuring numerous brand-name retailers. The surrounding area of Oak Park Heights and Stillwater is a highly sought after submarket of Minneapolis-Saint Paul and features affluent demographics. With 100% occupancy and a WALT of over 5 years, Oak 36 Retail Center provides the unique opportunity to acquire a multi-tenant center with stable cash flows in a retail-dense, high-demand submarket of the Twin Cities.
MULTI-TENANT NET LEASE INVESTMENT
• The investment is fully occupied by five tenants, all of which are on NNN leases
• The property features four end caps, a drive thru, and three patio spaces, maximizing the leasability of the center
AFFLUENT DEMOGRAPHICS IN SOUGHT AFTER MARKET
• This property is located in Oak Park Heights, just outside of Stillwater, a highly sought after submarket of the Twin Cities
• The area within a five-mile radius boasts an average household income of over $150,000 with an average buying power over $100,000
SITUATED IN RETAIL CORRIDOR
• The property is nestled within a retail-dense portion of Oak Park Heights & Stillwater
• Brands such as Target, Menards, Lowe's, Walmart, Petco, and Chipotle are all within walking distance and will drive traffic to the center
NATIONAL BRANDS WITH ROOM TO GROW
• Aspen Dental, Shopko Optical, & AT&T are established brands with decades of operating success
• Potbelly and Crisp & Green have continued to demonstrate aptitude for rapid growth throughout the nation
HIGHLY VISIBLE FROM HIGHWAY
• The property is well positioned just off an exit of MN-36, which carries nearly 38,000 vehicles per day
• The property benefits from its parallel positioning to MN-36 and highly visible signage