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Covenant Retail Center 5217 98th St 1,440 SF of Retail Space Available in Lubbock, TX 79424
Highlights
- High Traffic I VPD: 19,957
- Surrounded by Established Retail and Residential Growth
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 200 | 1,440 SF | Negotiable | $34.01 CAD/SF/YR $2.83 CAD/SF/MO $48,978 CAD/YR $4,082 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 200
Suite 200 at 5217 98th Street offers 1,440 SF of second-generation salon space in Southwest Lubbock. The space features high-end finish-outs and a functional layout with an open concept and four private rooms, making it a great fit for salon, spa, or other service users. FF&E can be included or removed depending on tenant needs. Located in a busy retail corridor with strong traffic, the area sees consistent activity and is surrounded by a solid mix of businesses.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
- High-End Finish-Outs
- FF&E Can be Included or Removed
- Second-Generation Salon Space
- Open Concept with 4 Private Rooms
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 Covenant Retail Center
- Tenant
- Description
- US Locations
- Reach
- Elegant Nails & Spa
- Nail Salon
- 1
- Local
- Gator's Bayou
- Restaurant
- 1
- Local
- Mi Tierra Taqueria
- Restaurant
- 1
- Local
- Nothing Bundt Cakes
- Bakery
- 799
- International
- River Bleu Boutique
- Ladies' Apparel
- 2
- Local
- The Little Gym
- Fitness
- 477
- International
| Tenant | Description | US Locations | Reach |
| Elegant Nails & Spa | Nail Salon | 1 | Local |
| Gator's Bayou | Restaurant | 1 | Local |
| Mi Tierra Taqueria | Restaurant | 1 | Local |
| Nothing Bundt Cakes | Bakery | 799 | International |
| River Bleu Boutique | Ladies' Apparel | 2 | Local |
| The Little Gym | Fitness | 477 | International |
Property Facts
| Total Space Available | 1,440 SF | Total Land Area | 1.95 AC |
| Property Type | Retail | Year Built | 2009 |
| Gross Leasable Area | 21,424 SF | Parking Ratio | 5.83/1,000 SF |
| Total Space Available | 1,440 SF |
| Property Type | Retail |
| Gross Leasable Area | 21,424 SF |
| Total Land Area | 1.95 AC |
| Year Built | 2009 |
| Parking Ratio | 5.83/1,000 SF |
About the Property
Positioned near the intersection of 98th Street and Slide Road, this property sits in one of Lubbock’s busiest retail corridors. This space offers strong visibility, easy access, and steady daily traffic, supported by a mix of national retailers, local businesses, and surrounding residential growth. With ample parking and a well-maintained environment, this location is convenient and accessible for both customers and employees.
- Signage
Nearby Major Retailers
Presented by
Covenant Retail Center | 5217 98th St
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