5202 82Nd St, Lubbock, TX 79424
6,643 SF | Office Building | Lubbock, TX 79424 | $2,158,000 ($325/SF) | 8% Cap Rate
For Sale
Active
Asking Price $2,158,000
- Property Type
-
Office
- Square Feet
- 6,643 SF
- Price / Square Foot
- $325
Listing Contacts
David Powell
Property Overview
NNN investment opportunity in SW Lubbock with a new seven-year lease (Covenant Medical Center). This 6,630 SF medical urgent care, previously licensed as a Texas free-standing emergency room, boasts versatile usage options, including urgent care medical facilities, outpatient surgery, physical therapy, chemotherapy treatment, and more. The property enjoys high visibility with about 33,000 (VPD), surrounded by retail centers, restaurants, and offices. The property features a comprehensive infrastructure, including a KOHLER Natural Gas Emergency Generator – Modal 125REGC, 4 Emergency Suites, 4 Exam Suites, a Nurse’s Station, a Secure Medication Storage Room, a Laboratory Room, X-Ray Suite, CT Suite, Clean Storage Room, Soiled Storage Room, Doctor’s Sleep Room, Lobby/Reception area, Med Gas Storage, VAC Pump Storage, and an Electrical, Phone, and Internet Closet. Tenant is Covenant Health System, owned by Providence Healthcare, the 7th largest health system by net patient revenue in the United States. 3,000 (VPD), surrounded by retail centers, restaurants, and offices (Property features continued on page 2.)This property has a land lease with 30 years remaining on the lease.
Property Details
- Class
- B
- Year Built
- 2015
- Stories
- 1
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 22,651 SF
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