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4802-4816 Avenue Q 19,336 SF 100% Leased Retail Building Lubbock, TX 79412 $1,012,042 CAD ($52.34 CAD/SF) 7.42% Cap Rate
INVESTMENT HIGHLIGHTS
- 11 tenant spaces
- 800 - 4,000 SF spaces
- Anchor Long-Standing Tenant, Rodeo Bar
- High Traffic (17,960)
- Auto-Urban Corridor ideal for Auto Service Retail
- Close Proximity to I-27
EXECUTIVE SUMMARY
Located off 50th St and the historic Avenue Q, this multi- tenant retail strip center has space for 11 Tenants & Signage Income. There's a significant Automobile Industry presence
on Ave Q. Nearby the United Grocery Store and across from Walgreens, this building comes with a 0.3 acre lot to the west and access from all sides.There's an established tenancy reputation and zoned C4 with a daily traffic count of 17,960 (2022). Incredible upside on this building as rents have remained the relatively the same for 8 years and there's a value add opportunity to remodel and raise rents.
on Ave Q. Nearby the United Grocery Store and across from Walgreens, this building comes with a 0.3 acre lot to the west and access from all sides.There's an established tenancy reputation and zoned C4 with a daily traffic count of 17,960 (2022). Incredible upside on this building as rents have remained the relatively the same for 8 years and there's a value add opportunity to remodel and raise rents.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,336 SF
Building Class
C
Year Built
1959
Price
$1,012,042 CAD
Price Per SF
$52.34 CAD
Cap Rate
7.42%
NOI
$75,094 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
1.38 AC
Zoning
c-4
Parking
150 Spaces (7.76 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R128233 | Total Assessment | $674,088 CAD (2025) |
| Land Assessment | $210,390 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $463,698 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R128233
Land Assessment
$210,390 CAD (2025)
Improvements Assessment
$463,698 CAD (2025)
Total Assessment
$674,088 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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4802-4816 Avenue Q
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