Liberty Village Shopping Center

Price: $5,200,000
Sq. Ft.: 29,757
Cap Rate: 6.87%
Built: 1982
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Liberty Village is a 29,757-square-foot, multi-tenant retail center located in a densely populated area of Lubbock, Texas. The center is currently 100 percent occupied, all leases are triple-net, and many have scheduled rent escalations during the primary term. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Anna’s Mexican Restaurant, Armor Roofing & Construction, Brewski BWS liquor store, Bybee’s Boutique, The UPS Store, Allure Hair Salon, Bargain Cleaners, and Orlando’s Italian Restaurant. Orlando’s is a popular Lubbock restaurant and has occupied the center for more than 34 years. Originally constructed in 1982, the center is situated on 2.19-acres with ample paved parking. Landlord reports that the parking lot was recently sealed and striped.

Liberty Village is well positioned along one of the city’s major thoroughfares, Indiana Avenue, just north of the intersection with Loop 289.  Traffic counts are approximately 38,030 vehicles per day on Indiana Avenue and 77,163 vehicles per day on Loop 289.  The surrounding area has desirable demographics, serving a dense residential population of 115,448 within a three-mile radius and 217,925 within a five-mile radius.  The average household income is $96,688 within one mile of the property.

  • 29,757-Square-Foot, Multi-Tenant Retail Center
  • 100% Occupied | All Leases are Triple-Net | Scheduled Rent Increases Provide Year-Over-Year Income Growth
  • Anchored by Orlando’s Italian Restaurant | Established Tenant in the Center for 34+ Years
  • Current Average Rents are Well Below Market
  • Landlord Reports Parking Lot has Recently Been Sealed and Striped
  • Priced at $175 Per Square Foot | Below Replacement Cost
  • Well Positioned on Indiana Avenue Just North of Loop 289 | High Traffic Counts of 38,030 Vehicles Per Day on Indiana Avenue and 77,163 Vehicles Per Day on Loop 289
  • Densely Populated Surrounding Area with More Than 115,448 Residents within a Three-Mile Radius and 217,925 within a Five-Mile Radius
  • Less Than Five Miles from Texas Tech University | Home to 40,900+ Undergraduate and Graduate/Law Students
  • 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 | Hosts Approximately 500,000 Passengers Annually