Northpark Village_Property for Sale
Northpark Village_Property for Sale
401 Slide Rd, Lubbock, TX, 79416-4315, US

Northpark Village

Asset description

Jones Lang LaSalle (“JLL”) is pleased to exclusively present the opportunity to acquire Northpark Village (the “Property”), a 70,479 square-foot grocer-anchored shopping center located in Lubbock, Texas, home to Texas Tech University. The Property is strategically located along 4th Street and benefits from sitting just one mile northwest from the center of campus. The Property is 96.6% occupied and is exclusively anchored by United Supermarkets, a part of the Albertsons Family of Companies (Moody’s: Ba2). The acquisition of Northpark Village provides an investor with the rare opportunity to acquire a grocery-anchored shopping center featuring a highly stable income stream.

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Attributes

Asking Price
¥1,429,377,000
Building area Gross
6,548 sm
Occupancy
96.00%
Year built
2000
Land area Gross
2.24 ha (22,379 sm)
Cap Rate
7.00%
NOI
¥100,056,000

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Investment highlights

  • 27.8 Years WALT
  • 96.6% Leased
  • 70,479 SF
  • #5 Trafficked United Supermarket in Lubbock
  • Value-Creation Potential
  • Strategic Location

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Last updated
Nov 30, 2022