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INVESTMENT HIGHLIGHTS
NNN Lease Structures The leases feature NNN expense structures with limited Landlord responsibilities, and ease of ownership.
Attractive Rent Increases 10 % rental increases every 5 years.
High Performance Long-Term Tenant Dollar Tree has been a tenant since 2004 and has agreed to a 28% rent increase for the next extension period. Placer.ai ranks this location as a top 6% store in the Dollar Tree system and the #1 store in Lubbock.
New Roof Recent roof replacement comes with 20-year transferable warranty.
Surrounding Leasing Velocity CLUB4 Fitness will be joining other new-to-the-neighborhood tenants including Five Below, dd’s Discounts, and Murphy USA on the adjacent outparcel.
Supportive Demographics The average HH income of $77,000 and the dense college student population in the surrounding area create strong demographic alignment with the Caprock tenant mix.
Dense Trade Area Caprock is a long standing center with a built-in customer base and strong surrounding retailers like Home Depot, Ross, Murphy USA and Market Street.
Strong Texas Market Lubbock’s population is expected to grow by more than 4% in the next five years bolstered by corporate and university expansion.
