Properties

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