EZ Mart

EZ Mart

Lubbock, TX

Lubbock, TX

EZ Mart

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease lease EZ Mart in Lubbock, TX. The property consists of a 2,193-square-foot, freestanding building that sits on approximately 0.37 acres of land. There are 7.9 years remaining on the lease with 10% rental increases every 5 years.

Price $669,000
Cap Rate 6.75%
Building Size 2,193 sqft
Lot Size 0.37 acres
Year Built 1983
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633

Jake Stammen

Associate Director
(972) 755-5209
jake.stammen@marcusmillichap.com
License: TX 767420

Salim Bhaidani

Director
(972) 755-5314
Salim.Bhaidani@marcusmillichap.com
License: TX 722548
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Absolute Net Lease with 7.9 Years Remaining – 10 Percent Rental Escalations Every Five Years
  • Strategic Location Near Texas Tech University and Lubbock Medical District
  • Hard Corner Location on 34th Street and Salem Avenue (23,485 VPD)
  • More Than 236,064 Residents and 293,985 Employees Within a Five-Mile Radius
  • E-Z Mart – Branded Fuel & Retail Site Backed by GPM Investments

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633

Jake Stammen

Associate Director
(972) 755-5209
jake.stammen@marcusmillichap.com
License: TX 767420

Salim Bhaidani

Director
(972) 755-5314
Salim.Bhaidani@marcusmillichap.com
License: TX 722548
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