Salem Village Annex is a 15,000 sq. ft. shopping center with 100% occupancy located on the most heavily-traveled thoroughfare in south Lubbock in an area of numerous other shopping centers, restaurants, office buildings, hotels and high density single family development. Retailers in a one-mile radius include Walmart, SteinMart, Tuesday Morning, Hobby Lobby, Michaels, PetSmart, Old Navy, Shoe Carnival, Specs, Office Max, TJ Maxx, and Bed Bath & Beyond. The 1.7 million sq. ft. South Plains Mall is located one mile to the west of the Subject Property.
|Cap Rate Percentage:||7.06|
|Style:||Retail Bldg -Local Strip|
|Building Size:||15,000 SF|
Area Description: On the south access road of South Loop 289 between Quaker Avenue and Slide Road on the most heavily-traveled thoroughfare in Lubbock county.
|Age:||31-40 Years Old|
|Lot Size:||1-2 Acres|