Retail Space
4519 50th St Lubbock, TX 79414
Details & Description
Price: $1,925,000
    Highlights 8.2% cap rate 4-year historical occupancy of 95.5% Value-add opportunity through NNN lease conversions and increased rental rates Central location in Lubbock near the South Plains Mall Longstanding tenants currently in place Lubbock metro population has 300,000+DescriptionThe subject property is very well-located in central Lubbock. Sunshine Square has frontage along the highly trafficked 50th Street that has nearly 20,000 vehicles per day. Several tenants such as America's Hair Design, Saigon Cafe, Flooring America, and Pocket Full of Stitches have been in the retail center for at least 18 years. The tract offers plenty of parking for tenants. Significant value-add opportunity to convert leases to NNN lease structure and raise rental rates.The subject property is located in Lubbock, TX (known as the "Hub City") that has a metropolitan population of 300,000+ and a regional population of 600,000+. Lubbock's retail commerce and banking sectors have drawn in residents from all across the Texas Panhandle and even from eastern New Mexico. Lubbock is a travel and destination hub for many retail shoppers in the surrounding region. Lubbock is home to major economic drivers such as Texas Tech University, Texas Tech Health Sciences Center, Covenant Hospital, Lubbock Christian University, South Plains College, and agriculture.
    Listing Agents
    Rick Canup

    O: 806-793-0888
    rcanup@cbcworldwide.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    4519 50th St

    Lubbock, TX 79414

    Listing ID: 180999
    • 4519 50th St Lubbock, TX 79414 | for Sale | Photo 1
    • 4519 50th St Lubbock, TX 79414 | for Sale | Photo 2
    • 4519 50th St Lubbock, TX 79414 | for Sale | Photo 3
    4519 50th St | for Sale | Thumbnail 1
    4519 50th St | for Sale | Thumbnail 2
    4519 50th St | for Sale | Thumbnail 3
    Building Size: 25,370 SF
    Lot Size: 1.820 AC
    Land Size: 79,279 SF
    Building $/SF: $75.88
    Land $/SF: $24.28
    Price
    $1,925,000
    Description
    Highlights





    8.2% cap rate
    4-year historical occupancy of 95.5%
    Value-add opportunity through NNN lease conversions and increased rental rates




    Central location in Lubbock near the South Plains Mall
    Longstanding tenants currently in place
    Lubbock metro population has 300,000+





    Description

    The subject property is very well-located in central Lubbock. Sunshine Square has frontage along the highly trafficked 50th Street that has nearly 20,000 vehicles per day. Several tenants such as America's Hair Design, Saigon Cafe, Flooring America, and Pocket Full of Stitches have been in the retail center for at least 18 years. The tract offers plenty of parking for tenants. Significant value-add opportunity to convert leases to NNN lease structure and raise rental rates.





    The subject property is located in Lubbock, TX (known as the "Hub City") that has a metropolitan population of 300,000+ and a regional population of 600,000+. Lubbock's retail commerce and banking sectors have drawn in residents from all across the Texas Panhandle and even from eastern New Mexico. Lubbock is a travel and destination hub for many retail shoppers in the surrounding region. Lubbock is home to major economic drivers such as Texas Tech University, Texas Tech Health Sciences Center, Covenant Hospital, Lubbock Christian University, South Plains College, and agriculture.



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    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Lubbock History of Retail Space for Sale

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    Lubbock Area Market Trends

    Listing Demographics for 4519 50th St Lubbock, TX 79414

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population16,458114,070223,130
    Population Median Age353634
    Population by Age0-9 Yrs2828 (17%)13381 (11%)28148 (12%)
    10-19 Yrs1829 (11%)16499 (14%)33695 (15%)
    20-29 Yrs3130 (19%)25580 (22%)51707 (23%)
    30-39 Yrs2572 (15%)13653 (11%)28805 (12%)
    40-49 Yrs1553 (9%)10167 (8%)21376 (9%)
    50-59 Yrs1530 (9%)12079 (10%)23086 (10%)
    60-69 Yrs1375 (8%)10690 (9%)18256 (8%)
    70+ Yrs1642 (9%)12021 (10%)18056 (8%)
    Median HH Income$49,496$49,385$48,833
    Total Household Income< 24K1157 (18%)10564 (23%)21695 (25%)
    25-49K2106 (32%)12532 (27%)21948 (25%)
    50-74K1323 (20%)8308 (18%)14865 (17%)
    75-99K746 (11%)5139 (11%)10100 (11%)
    100-199K931 (14%)7134 (15%)13247 (15%)
    200K+138 (2%)1881 (4%)3402 (3%)
    Highest Education LevelNo Diploma1273732816895
    Diploma or GED25301608131742
    Some College27101711931530
    Assoc. Degree57143977991
    Bachelors Degree17911379825110
    Higher Degree1264924715155
    Total Housing Units6,87150,20995,202
    --Owner-Occupied3,79023,55543,140
    --Renter-Occupied2,61222,00342,117
    Owner-Occupied Values< 100K1562653213537
    100-199K19621141919173
    200-299K16631505763
    300-399K5012932323
    400-499K425331110
    500K+86271234
    Total Working Age Population12,48792,143178,112
    In Work Force8,84760,513117,528
    Not In Work Force3,64031,63060,584
    Workforce Employed8,68158,039112,564
    Workforce Unemployed1642,4114,810
    Civlian Workforce8,84560,450117,374
    Military Workforce363153
    Total Households6,40245,55885,257
    Family Households4,12126,38350,475
    Non-Family Households2,28019,17534,782
    Married Couple2,75018,44034,375
    Other Family1,3717,94316,100
    Married w/Child1,1946,71213,914
    Single Male w/Child3081,1942,332
    Single Female w/Child6363,2396,206

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Texas20,851,820+2125,145,561+1829,677,668+1834,894,452
    Lubbock County242,628+15278,831+14317,210+16367,552

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

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    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 4519 50th St in Lubbock?
    The asking price for 4519 50th St is $1,925,000
    What is the building size of this Retail property in Lubbock, TX?
    The size of the building/unit at 4519 50th St in Lubbock is 25,370 square feet
    How much land does the Lubbock, TX property at 4519 50th St include?
    4519 50th St in Lubbock includes 1.820 acres of land
    What is the population within 1 mile of 4519 50th St in Lubbock?
    The population within 1 mile of 4519 50th St Lubbock, TX 79414 is 16,458 people.
    Who do I contact for questions about 4519 50th St?
    You should contact the listing agent, Rick Canup, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

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    4926 50th Street, Lubbock, TX CALL 2065 0.3
    3664 50th Street, Lubbock, TX $795,000 6119 -
    3626 50th St, Lubbock, TX $169,500 1591 0.13
    Slide Rd, Lubbock, TX $1,000,000 2524 -
    5217 50th St, Lubbock, TX $690,000 7240 1.09
    4622 34th Street, Lubbock, TX $250,000 3120 0.17
    7004 Salem Ave, Lubbock, TX $2,300,000 32927 1.62
    5135-5137 69th Street, Lubbock, TX $1,000,000 12906 1.35

    Closest Commercial Airports

    Airport Distance (mi)
    Lubbock Preston Smith International Airport (LBB) 9
    Rick Husband Amarillo International Airport (AMA) 116
    Sheppard Air Force Base-Wichita Falls Municipal Airport (SPS) 199