At Home - Lubbock, Texas
4304 W Loop 2894304 West Loop 289 4304 West Loop 289, Lubbock, TX, 79407-3730, US
140,231 sf
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 100% occupied and is exclusively anchored by United Supermarkets, a part of the Albertsons Family of Companies (S&P: BB+). 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
Building area gross
70,479 sf
Occupancy
100%
Year built
1990
WAULT
4.1 years
Media
Investment highlights
- Strategic Location
- Direct Access to Loop 289 and Texas Tech University with +40,700 students
- 29.2 Years
- Weighted Average Lease Tenure
- 100% Leased
- With a Complementary Tenant Mix
- 70,479 SF
- 72% Anchor SF / 28% In-Line SF
- +$519 PSF
- Avg. sales for United Supermarket over the past 3 years
- 78th percentile
- in # of Visits in the United Supermarket’s portfolio
- Attractive Cash Flowing Asset
- Less than 11% rollover within the first 3 years
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Northpark Village (0 Properties)
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Last updated
Jun 6, 2025
