3303 98th Street Archives | Sands Investment Group

Sands Investment Group is Pleased to Exclusively Offer For Sale the 30,000 SF Retail NNN Investment Property Located at 3303 98th Street in Lubbock, Texas.

SECURE INVESTMENT WITH VALUE-ADD OPPORTUNITY

8 Years Remaining on the Lease Term With a Nearly 8 Year Operating History at This Location
Confidence in Location – Tenant Recently Agreed to Exercise Their Next Option to Extend Early Demonstrating Strong Confidence in This Location For the Long-Term Investment Outlook
Attractive Rental Increases of 10% at Each Option Period Provides Hedge Against Inflation
Triple Net (NNN) Lease With Minimal Landlord Responsibilities
Below Market Lease Rate of $8.75 Per SF Annually Provides Potential Value-Add Opportunity in the Future
Low Cost Per Square Foot Compared With Alternative Investment Opportunities- Under $130 Per SF

LOCATED IN AN INCOME TAX FREE STATE

Pro Business State With Income Tax Free Status Provides Potential Security Into the Future

INTERNET & PANDEMIC RESISTANT TENANT

Big Lots (NYSE: BIG) Operates Over 1,416 Locations in 47 States
S&P Credit Rating BB+
Tenant Has Continued to Operate & Thrive Throughout the Pandemic With Zero Rent Concessions or Deferrals
Recession and Internet Resistant Tenant – Big Lots Stores Provide “Daily Needs” For Consumers Providing Security For Investors

SITUATED ON A STRONG RETAIL CORRIDOR

Cross Shopping Synergy and Customer Draw From Adjacent Kohl’s
Densely Populated Area With Over 167,000 People Within a 5-Mile Radius
Affluent Trade Area With an Average Household Income of Over $103,000 Within a 2-Mile Radius
High Traffic Count on the Cross Streets of Indiana Avenue and 98th Street Sees Over 21,700 VPD
Nearby Tenants Include: Kohl’s, Dollar General, Pizza Hut, Walmart Neighborhood Market, Target, Wendy’s, CVS Pharmacy, AutoZone, Starbucks, Taco Bell, Chick-fil-A, Dunkin’, T.J. Maxx and More

In Cooperation With Sands Investment Group Austin, LLC – Lic. # 9004706

View Similar Investment Opportunities

Read additional thought leadership content from SIG, specializing in absolute triple net lease opportunities