Virginia College, Lubbock, TX
5001-5005 50th Street
Lubbock, Texas 79414
PROPERTY SOLD
Property: Investment Sales
Square Footage: 65,400
Acreage: 5.0
Price: $8,550,000
Cap Rate: 9.50%
Description:
- 15 year Virginia College lease with rent bumps and two 5-year options
- Virginia College has 27 campuses in 11 states and online programs
- Additional income contributed from ATM
- 5 miles from the CBD and 12 miles from Lubbock International Airport
- Traffic counts of +/-53,000 cars on Loop 289 and +/-30,000 cars on Spur 327
- Over 215,000 residents and 83,000 households in a 5 mile radius


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Contact
Parker Carroll, CCIM
Listing Agent
(512) 382-5564 - Mobile