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24426390
24426389

11302 Indiana Ave, Lubbock, TX 79423

DD
TX TX 0563978
Real Broker, LLC
MM
TX TX 0699529
Real Broker, LLC
Listed by Real Broker, LLC
$3,800,000
343 days on market
Updated 34 days ago

Vet Clinic Investment South Indiana Ave

Details
APN R313539
Property Type Office, Special Purpose
Sub Type Medical Office
Square Footage 8,662
Net Rentable (SqFt) 8,662
Units 1
Cap Rate 5.60%
NOI $211,452
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 05/01/2030
Remaining Term 3.9
Rent Bumps Yes
Lease Options 2
Price per SqFt $439
Class B
Year Built 2009
Buildings 1
Stories 1
Acreage 1.000
Zoning Heavy Commercial
Parking Spaces 44 spaces
Parking Per SqFt 5.08
Investment Type Stabilized
Lease Commencement 01/01/2020
Occupancy Date 01/01/2009
Ground Lease No

Vet Office/Clinic | Long-term Tenant | 8,662 SF

Marketing description

Presenting a premier commercial medical building located at the high-traffic intersection of 114th Street and Indiana Avenue—a rapidly expanding and highly sought-after corridor in Lubbock, Texas. This 8,662-square-foot facility is 100% leased to an established veterinary practice, providing investors with immediate, stable cash flow. With a 5.6% cap rate, this offering represents a compelling opportunity to acquire a turnkey, income-generating property in a dynamic and growing submarket. The site benefits from strong visibility, a daily traffic count of approximately 18,000 vehicles, and close proximity to ongoing residential and commercial development. Whether you are seeking to diversify your portfolio with a recession-resilient asset or secure long-term value in one of West Texas’s most active growth areas, this investment combines location, stability, and tenant quality—making it a rare and highly desirable acquisition.

Investment highlights

  • Well-established veterinary clinic with multiple locations across Lubbock market
  • High-visibility intersection on high-traffic corridor in the rapidly growing south Lubbock
  • Strong tenant with (2) additional 5-year options with 2% annual rent escalations
  • 17 Years occupied with 4 years remaining on current lease term before exercising options

Listing Contacts

DD
TX TX 0563978
Real Broker, LLC
MM
TX TX 0699529
Real Broker, LLC
Listed by Real Broker, LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$211,452.00
$17,621.00/mo

Valuation Metrics

0
DSCR
5.56%
Cap Rate
5.56%
ROI

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Additional Information

Name
Doug Duncan
License
TX 0563978
Brokerage
Real Broker, LLC
Brokerage Address
2626 Cole Avenue
Name
Matt Moreland
License
TX 0699529
Brokerage
KW Commercial
Brokerage Phone
8554500442
Title
RE Salesperson
Brokerage Address
2626 Cole Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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