Prime Retail Redevelopment Opportunity

LUBBOCK, TEXAS Lubbock, Texas is a thriving city in northwest Texas with a Metro population of over 324,000+ residents. It is the 11th largest city in Texas and the 84th largest city in the United States with a population increase of 13.61% since the 2010 census. The city has a strong, diverse economy that is based on agriculture, health care, manufacturing, wholesale and retail trade, and education. The Lubbock area is the largest contiguous cotton-growing region in the world. It is home to 4 institutions of higher learning including Texas Tech University, Lubbock Christian University, Wayland Baptist (Lubbock campus) and South Plains College. Texas Tech has the distinction of being the largest comprehensive higher education institution in the western two-thirds of the state of Texas with a student enrollment of over 40,000 annually. Lubbock serves as a medical center for 77 counties with 4 major medical centers offering the most comprehensive health care services between Dallas/Ft. Worth and Phoenix. Lubbock Preston Smith International Airport, an official U.S. Customs Port of Entry, offers four major air carriers and four air freight companies. As the “Hub” of the 26-county region of West Texas and Eastern New Mexico, over 596,000 people look to Lubbock for their shopping, dining, entertainment, transportation and medical needs. "3 Major Business Expansions Create 400+ Jobs and $103.1M in Capital Investment" June 17, 2020 Announcement by LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE:  https://lubbockeda.org "HUB" of 26-County Region of West Texas and Eastern New Mexico Texas Tech University - 40,000+ Students 11th Largest City in Texas | 84th Largest City in U.S. #3 “Best Large City to Start a New Business” – by WalletHub 2021 Top 3 - Emerging Housing Markets Across America" - by WSJ with Realtor.com 2021TREK Investment Group is pleased to offer for sale a prime retail redevelopment opportunity in Lubbock, Texas. This exceptional value-add property offers a rare investment opportunity to acquire of a 2,902 square foot retail building with only 2.5 years left and no options remaining on the current Absolute NNN lease. There is substantial upside potential through renovation, redevelopment, and increased rents as the current rent is significantly below the current market average. This retail site is strategically located on a signalized hard corner of University Avenue and Texas 289 Loop Frontage Road, boasting traffic counts just shy of 82,000 vehicles per day on Loop 289 which serves as the main traffic loop around the city. In addition, a Toot'n Totum convenience store and gas station is currently under construction, scheduled to open soon which will generate additional significate traffic flow onto the property. The subject property is situated within a dense and growing neighborhood with an average household income exceeding $90,600 while also being surrounded by an array of well-known national retailers such as Target, McDonalds, Dairy Queen, Dunkin’, Chick-fil-a, Walgreens and numerous others.