Northpark Village
US - Lubbock, TX
SEK 109,755,000 | 6,548 m²
Asset Description
As exclusive advisor, JLL is pleased to offer the opportunity to acquire The Lakewood Pointe Pads (“the Property”), 100% occupied outparcels totaling 8,084 square feet located in the city of Marysville, WA. The Property was constructed in 2013 and is positioned off Interstate-5 (118,000 VPD) and directly adjacent to major national retailers such as Target, Costco, Dick’s Sporting Goods, and Best Buy. Current tenants offer an internet resistant mix of retailers with a true NNN lease structure that limits landlord responsibilities and a staggered rollover schedule that eliminates lease-up risk.
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Attributes
Asking Price
SEK 54,090,000
Building area Gross
721 m²
Occupancy
100.00%
Year built
2000
Land area Gross
0.32 ha (3,197 m²)
Cap Rate
6.00%
NOI
SEK 3,246,000
Media
Investment Highlights
- Rare and Attractive Fixed Rental Increases
- Freeway Access and Visibility
- Abundant Parking and Accessibility
- Excellent Demographics
- Limited Landlord Responsibility
- Internet Resistant Tenant Mix
- Dominant Retail Trade Area
Contact brokers
Lakewood Pointe Pads (0 Properties)
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Last updated
19 Jan 2023
