Big Lots Retail NNN Investment Big Box Lubbock Texas

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

• Over 3 Years Remaining on the Lease Term With a Nearly 8 Year Operating History at This Location
• Tenant Has Indicated Willingness to Potentially Negotiate Early Renewal Demonstrating Confidence in Location
• 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

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