Big Lots NNN Property For Sale — Lubbock, TX
3303 98th Street, Lubbock, TX 79423
This investment opportunity features a 30,000 SF Big Lots store located in Lubbock, Texas. The property boasts a strong hedge against inflation with 10% rental increases at option periods and is leased to a national tenant operating over 1,400 locations across 47 states. This Big Lots location offers a secure income stream with a recession and internet-resistant tenant, having demonstrated consistent operation and financial stability throughout economic shifts, with no rent concessions or deferrals during the pandemic. The tenant recently exercised an early option to extend the lease, demonstrating strong confidence in this location. The lease has approximately 8 years remaining, with a history of nearly 8 years of successful operation at this site.
- Address: 3303 98th Street, Lubbock, TX 79423
- Asking price $3.89M
- 6.75% cap rate
- NOI $262,500
- 8 years remaining
- NNN lease
Asset type: Retail