Listed by Keller Williams Realty
$1,875,000
NNN Medical Investment Property - 5730 66th Street
Details
APN R60000
Property Type Office
Sub Type Medical Office
Square Footage 5,546
Cap Rate 8.00%
NOI $150,000
Occupancy 100%
Tenancy Single
Brand/Tenant Claro Dental
Lease Type NNN
Lease Term 7
Lease Options Two (2) five-year options
Year Built 1980
Stories 1
Acreage 0.390
Zoning NC
Investment Type Net Lease
5730 66th Street, Lubbock, TX 79424
Marketing description
This NNN-leased dental office investment generates $150,000 in annual net operating income, offering an 8.00% cap rate backed by an established dental operator in one of Lubbock's most active retail corridors. Surrounded by major destination retailers and dining options, the property benefits from continuous consumer activity and strong area demographics. Recent and planned facade improvements further enhance curb appeal and long-term value. The dental practice has been at this location for five years and has three practice locations. They have just signed a lease for seven years, with (2) five year options. The company is financially stable with strong growth.
Investment highlights
- High-Traffic Slide Road
- Near South Plains Mall & Loop 289
- Excellent Visibility & Access
- Surrounded by National Retail
- Ideal for Dental or Medical Use
- Ample Parking
Listing Contacts
Listed by Keller Williams Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,000.00
$12,500.00/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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