It is a huge shopping mall for sale in one of the towns near Lubbock, Texas.
Description
The total area of a single-storey building is 2,087 m².
The plot of 9,996 m².
The mall was constructed in 2008 and now is in excellent condition.
The property is fully leased out to six tenants.
Financial performance
Absolute income is 241,053 $.
The current yield of 6,5%.
Tenants
The tenants are various stores.
Five of the six lease agreements are NNN ones, all operating costs are borne by tenants, one contract is NN one, part of the costs falls on the owner.
WAULT: 15 years.
