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Lakeridge Commons 4505 98th St 2,093 SF of Retail Space Available in Lubbock, TX 79424
Highlights
- Heavy Day time traffic
- Surrounded by Local and National Retailers
- 100K+ VPD at Intersection
- Coveted South Lubbock Location
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,093 SF | Negotiable | $50.71 CAD/SF/YR $4.23 CAD/SF/MO $106,126 CAD/YR $8,844 CAD/MO | TBD |
4505 98th St - 1st Floor
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Drive Thru
- Endcap w/Drive Thru
- Shadow Anchored by United Market Street Grocer
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 Lakeridge Commons
- European Wax Center
- Sports Clips, Inc.
Property Facts
| Total Space Available | 2,093 SF | Frontage | 484’ on 98th St |
| Center Type | Strip Center | Gross Leasable Area | 24,805 SF |
| Parking | 161 Spaces | Total Land Area | 3.17 AC |
| Stores | 12 | Year Built | 2006 |
| Center Properties | 1 |
| Total Space Available | 2,093 SF |
| Center Type | Strip Center |
| Parking | 161 Spaces |
| Stores | 12 |
| Center Properties | 1 |
| Frontage | 484’ on 98th St |
| Gross Leasable Area | 24,805 SF |
| Total Land Area | 3.17 AC |
| Year Built | 2006 |
About the Property
This center provides excellent exposure to 98th and Quaker and is conveniently shadow-anchored by United Market Street and near the Lakeridge Country Club, the Falls, Orchard Park, Vintage Township, and Southwest Lubbock.
Nearby Major Retailers
Contacts
-
Casey Adams -
Gary Andrews -
Javier Loera -
GRACO Real Estate Development, Inc.
Presented by
Lakeridge Commons | 4505 98th St
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