Supermarket in Lubbock

Photos available on request

Supermarket in Lubbock

970,000 $
Send a request
Total area: 836 m² Yield: 7.0% Built in 2004
Send a request
Features
  • Absolute return: 61,167 €
  • Land area: 4,128 m²
  • Percentage of the rented area: 100%

It is a supermarket for sale in Lubbock, Texas. Description

The total area of a single-storey building is 836 m².

The plot of 4,128 m².

The supermarket was constructed in 2004 and now is in good condition.

The property is fully leased out to a major tenant.

Financial performance

Absolute income is 68,115 $.

The current yield of 7%.

Tenants

The tenant is Dollar General.

Dollar General was founded in 1939 and now has more than 12,000 branches in 43 states. The company's annual turnover exceeds $20 billion.

The lease agreement was signed for 10 years until 2014 with extension options for 3x5 years. At the moment the first option comes to an end. The second and third extension options will provide 12% and 10% indexation of rental rate.

Location and nearby objects

supermarket-icon
Supermarkets
school-icon
Schools
cafe-icon
Cafe and restaurants
hospital-icon
Hospitals
airport-icon
Airports
Reset

More properties

If this property wasn’t for you, take a look at other supermarkets for sale in USA.

You can see more supermarkets for sale in Texas elsewhere on our website.

Enquire about this supermarket
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Send a request
    When you submit a request, you agree to our terms and conditions
    Send one more request
    • Bank financing from 3% annually
    • Construction site audits
    • Management company services