Flintwood Center is a 38,560-square-foot, multi-tenant retail center located in a densely populated area of Lubbock, Texas. The center is currently 96 percent occupied with a mix of triple-net, base year, and gross leases, providing future upside potential in leasing the remaining vacancy and converting all leases to triple-net. Anchored by Family Dollar, tenants are a complementary mix of internet-resistant, service-oriented businesses, including Verizon, Appliances 4 Less, LBK Fit, Vizo’s African Bar, and Pub 55. Originally constructed in 1980, the center is situated on 2.23 acres with ample paved parking. A double-sided pylon sign positioned at the property entrance provides additional exposure to the center.
The subject property is located on 34th Street, near the signalized intersection of 34th Street and Flint Avenue. Traffic counts in front of the property exceed 19,000 vehicles per day on 34th Street. Nearby retailers include Dollar General, Boost Mobile, Sonic Drive-In, Walgreens, McDonald’s, O’Reilly Auto Parts, Ollie’s Bargain Outlet, Pet Supplies Plus, and more. The surrounding area has desirable demographics, serving a residential population of 106,755 within a three-mile radius and 215,578 within a five-mile radius.
• 38,560-Square-Foot, Multi-Tenant Retail Center
• 96% Occupied | Mix of Triple-Net, Gross, and Base Year Leases | Significant Future Upside Potential in Leasing Vacancy and Converting Leases to Triple-Net
• Anchored by Family Dollar | Tenant has Four Years Remaining on the Term and Five Remaining Automatic Renewal Options with Rent Increases
• Complementary Mix of Internet-Resistant, Service-Oriented Businesses and Restaurants
• Current Average Rents are Significantly Below Market
• Priced at $114 Per Square Foot | Below Replacement Cost
• Landlord Records Report a New Roof was Installed in 2020
• Well Positioned Near the Signalized Intersection of 34th Street and Flint Avenue | Traffic Counts on 34th Street Exceed 19,000 Vehicles per Day
• Less than Two Miles from Texas Tech University, Texas Tech University Health Sciences Center, and University Medical Center | Current Enrollment at Texas Tech Exceeds 40,700 Undergraduate and Graduate/Law Students
• Densely Populated with More than 215,578 Residents Within a Five-Mile Radius
• Lubbock is the “Hub City” for the South Plains | Economic, Educational, and Healthcare Hub of a Multi-County Region
• Air Service Provided by Lubbock Preston Smith International Airport | Approximately 520,000 Passengers Annually (United States Department of Transportation, 2019)
