Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1996
Building Area
Occupancy 100.0 %

Property Description

Ideal Location: The Property is positioned two miles from Texas Tech University one of Lubbock’s primary demand drivers and near the University Medical Center and Downtown Lubbock. Expansive Regional Trade Area: A key to Northtown Plaza’s success lies in its expansive regional trade area, which serves a large group on consumers throughout the West Texas region.

Investment Highlights

  • Jones Lang LaSalle (“JLL”) is pleased to exclusively present the opportunity to acquire Northtown Plaza (the “Property”), a 73,633 square-foot grocer-anchored shopping center located in Lubbock, Texas, home to Texas Tech University. The Property is strategically located along N. University Avenue just two (2) miles northeast from the center of campus and benefits from an expanded regional trade area stretching 75 miles in any direction. The Property is 100% occupied and is exclusively anchored by Amigos United, a part of the Albertsons family of companies (Moody’s: B2), and other investment-grade tenants, such as Dollar Tree and Family Dollar. The acquisition of Northtown Plaza provides an investor with the rare opportunity to acquire a grocery-anchored shopping center
  • featuring in-line tenancy operating essential businesses.
Last Updated Date: 28 May 2020
Ryan Shore
Ryan Shore
Senior Managing Director, Capital Markets
License details
TX-0469819
Chris Gerard
Chris Gerard
Senior Managing Director, Capital Markets
License details
TX-555711

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Last Updated Date: 28 May 2020

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