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The Village at Overton Park-Lubbock 411-413 University Ave 870 - 2,843 SF of Retail Space Available in Lubbock, TX 79401
HIGHLIGHTS
- Endcap
- Patio
- Restaurant Build-Out
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 110 | 870 SF | 5-10 Years | $41.88 CAD/SF/YR $3.49 CAD/SF/MO $36,434 CAD/YR $3,036 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 160 | 1,973 SF | Negotiable | $41.88 CAD/SF/YR $3.49 CAD/SF/MO $82,625 CAD/YR $6,885 CAD/MO | Triple Net (NNN) |
411 University Ave - 1st Floor - Ste 110
Located adjacent to Texas Tech University (37,010 students) and across from Jones AT&T Stadium. Approximately 3,000 apartment units in immediate trade area
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Traffic counts on University over 27,599 per day
413 University Ave - 1st Floor - Ste 160
Located adjacent to Texas Tech University (37,010 students) and across from Jones AT&T Stadium. Approximately 3,000 apartment units in immediate trade area
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Traffic counts on University over 27,599 per day
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT THE VILLAGE AT OVERTON PARK-LUBBOCK
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Red Raider Outfitter
- Unisex Apparel
- 4
- Local
- Snooze
- Accommodation and Food Services
- -
- -
- Tiff's Treats
- Cookies
- 78
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Red Raider Outfitter | Unisex Apparel | 4 | Local |
| Snooze | Accommodation and Food Services | - | - |
| Tiff's Treats | Cookies | 78 | National |
PROPERTY FACTS
| Total Space Available | 2,843 SF | Frontage | 543’ on University Ave |
| Center Type | Strip Center | Gross Leasable Area | 22,236 SF |
| Parking | 100 Spaces | Total Land Area | 8.43 AC |
| Stores | 8 | Year Built | 2009 |
| Center Properties | 2 |
| Total Space Available | 2,843 SF |
| Center Type | Strip Center |
| Parking | 100 Spaces |
| Stores | 8 |
| Center Properties | 2 |
| Frontage | 543’ on University Ave |
| Gross Leasable Area | 22,236 SF |
| Total Land Area | 8.43 AC |
| Year Built | 2009 |
ABOUT THE PROPERTY
Located adjacent to Texas Tech University (37,010 student) and across from Jones AT&T Stadium
NEARBY MAJOR RETAILERS
Presented by
The Village at Overton Park-Lubbock | 411-413 University Ave
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