Retail

Northpark Village

401 Slide Rd, Lubbock, TX, 79416-4315, US

Executive Summarydownload
Northpark Village_Property for Sale

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Northpark Village 2_Property for Sale

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.

Attributes

Asking Price
$10,146,000
Building area gross
70,479 sf
Occupancy
96.00%
Year built
2000
Land area Gross
5.53 acres (240,887 sf)

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
Sep 16, 2022