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34th St Portfolio | 4 Units | 75% occup. 3 Retail Properties Offered at $990,784 CAD in Lubbock, TX
Investment Highlights
- 75% occupied providing a buyer opportunity to increase the NOI and portfolio value
- All 3 properties (4 units) located less than 1 mile away from each other
- Strategically located on Lubbock's popular 34th Street
Executive Summary
We are thrilled to present a new portfolio investment – featuring 75% occupancy – with incredible upside. All 4 units are located on Lubbock’s famous 34th Street.
The package can be sold together or split separately. The portfolio provides value-add opportunities for a new investor through leasing the one vacant unit.
The package can be sold together or split separately. The portfolio provides value-add opportunities for a new investor through leasing the one vacant unit.
Taxes & Operating Expenses (Actual - 2025) |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$142,477
|
| Other Income |
$6,669
|
| Vacancy Loss |
$49,210
|
| Effective Gross Income |
$99,936
|
| Taxes |
$8,166
|
| Operating Expenses |
$9,086
|
| Total Expenses |
$17,252
|
| Net Operating Income |
$82,684
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $142,477 |
| Other Income (CAD) | |
|---|---|
| Annual | $6,669 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $49,210 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,936 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,166 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $9,086 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,252 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $82,684 |
Property Facts
| Price | $990,784 CAD | Status | Active |
| Price / SF | $108.88 CAD / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8.35% | Total Building Size | 9,100 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.36 AC |
| Price | $990,784 CAD |
| Price / SF | $108.88 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.35% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 9,100 SF |
| Total Land Area | 0.36 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2429 34th St, Lubbock, TX 79411 | Retail | 3,360 SF | 1951 | - |
| 2451 34th St, Lubbock, TX 79411 | Retail | 3,150 SF | 1963 | - |
| 2241 34th St, Lubbock, TX 79411 | Retail | 2,590 SF | 1954 | - |
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34th St Portfolio | 4 Units | 75% occup.
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