for lease - loopnet · • realtor® of the year, 1990, lubbock association of realtors® -...

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CENTRAL PARK SHOPPING CENTER$14.00 SF/yr (NNN)

4930 S. Loop 289Lubbock, TX 79414

AVAILABLE SPACES3,325 - 6,400 SF

FEATURES• Located near intersection with highest traffic counts in Lubbock, TX

• Near South Plains Mall

• $14.00/PSF

• $5.09/PSF NNN charges

AREAThe subject property is fixed at a prime location along the Southwest Loop 289 in Lubbock, TX. The intersection atSlide Road and Loop 289 boasts the highest traffic counts in the city of Lubbock with over 80,000 vehicles per day.Notable retail properties located near the subject property are the Lubbock South Plains Mall, Central Plaza, SouthPlains Plaza, South Plains Crossing, Lubbock Parkade, and Restaurant Row. Lubbock, TX is known as the "Hub City,"due to its ideal location within West Texas and the surrounding cities. The Lubbock metro population is 350,000+.

RETAIL

Alex Eberhardt, [email protected]

Jordan Wood, [email protected]

Rick Canup, [email protected]

©2019 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Capital Advisors. All rights reserved. Coldwell Banker Commercial® and the Coldwell BankerCommercial are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fullysupports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. The information provided is deemedreliable, but it is not guaranteed to be accurate or complete, and it should not be relied upon as such. This information should be independently verified before any personenters into a transaction based upon it.

COLDWELL BANKER COMMERCIALCAPITAL ADVISORS4924 S. Loop 289, Lubbock, Texas 79414806.793.0888

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Rick Canup, [email protected] CAPITAL ADVISORS

OFFERING SUMMARY

Available SF: 3,325 - 6,400 SF

Lease Rate: $14.00 SF/yr (NNN)

Lot Size: 2.28 Acres

Year Built: 1982

Building Size: 30,000 SF

Central Park Shopping Center currently has two (2) available retail spaces for lease. The rental rates are $14.00/PSF. TheSubject property is located near the intersection of S. Loop 289 and Slide Rd, which contains the highest traffic counts in thecity of Lubbock.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Located near intersection with highest traffic counts in Lubbock, TX

• Near South Plains Mall

• $14.00/PSF

• $5.09/PSF NNN charges

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4930 S. Loop 289, Lubbock, TX 79414

CENTRAL PARK SHOPPING CENTER

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SUITE TENANT SIZE (SF) LEASE TYPE LEASE RATE DESCRIPTION

208 Available 3,325 SF NNN $14.00 SF/yr $5.00/PSF NNN charges. TI's negotiable.

230 Available 6,400 SF NNN $14.00 SF/yr Can be demised into 2 spaces if necessary. $5.00/PSF NNN charges. TI's negotiable.

LEASE TYPE | NNN

TOTAL SPACE | 3,325 - 6,400 SF

LEASE TERM | 5 - 10 years

LEASE RATE | $14.00 SF/yr

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SUITE 230 - PHOTOS

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SUITE 230 - FLOORPLAN

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SUITE 208 - PHOTOS

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SUITE 208 - FLOORPLAN

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RETAIL AERIAL

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SITE AERIAL

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POPULATION 1 MILE 3 MILES 5 MILES

Total population 14,523 97,342 198,990

Median age 35.1 36.0 32.1

Median age (Male) 34.4 34.5 31.1

Median age (Female) 35.3 37.7 33.4

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 6,835 41,394 78,887

# of persons per HH 2.1 2.4 2.5

Average HH income $54,260 $68,242 $63,223

Average house value $139,755 $150,114 $145,590

* Demographic data derived from 2010 US Census

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TX #644944

ALEX EBERHARDT, CCIM

Investment Sales Specialist

[email protected]: 806.784.3258 | Cell: 806.577.3032

Specializes in analyzing and brokerage of shopping center and single-tenant net leased assets. Member of International Council of Shopping Centers (ICSC) and a RECON attendee.Member of Coldwell Banker Commercial Net Leased Investment Group. Member of Texas Tech Alumni Association. Featured writer for Texas Real Estate Business Magazine.

• Net Leased Investments & Shopping Center Brokerage

• Certified Commercial Investment Member (CCIM)• Texas Tech University - Rawls College of Business, Bachelor's Degree

• Licensed by the Texas Real Estate Commission• Member of (ICSC) International Council of Shopping Centers• Graduate of Emerging Broker Training, 2015 Coldwell Banker Commercial• Member of the Lubbock Association of Realtors, and National Association of Realtors.

• Jiffy Lube | S. Portland, ME

• Equestrian Retail Center | Grand Prairie, TX

• KFC | Big Spring, TX

• Pet Supermarket | Killeen, TX

• South Plains Plaza Shopping Center | Lubbock, TX | 108,000 SF

• Hilltop Plaza Shopping Center | Clovis, NM | 65,000 SF

• Master's Shopping Center | Clovis, NM | 55,000 SF

• Starbucks and Verizon Wireless | Edmond, OK

• Elgin Plaza | Lubbock, TX

• Monterey Center | Lubbock, TX

BACKGROUND

PRIMARY SPECIALTY

EDUCATION

MEMBERSHIPS & ASSOCIATIONS

RECENT TRANSACTIONS

CAPITAL ADVISORS4924 S. Loop 289

Lubbock, Texas 79414806.793.0888

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JORDAN WOOD, CCIM

Investment Sales Specialist


• Joined Coldwell Banker Commercial Rick Canup, Realtors in January 2012 as a Retail & Investment Sales Specialist• Member of Lubbock Association of Realtors• Licensed by the Texas Real Estate Commission

• #1 Coldwell Banker Commercial office in Texas for 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, and 2018• #4 Coldwell Banker Commercial office nationally in 2018• #4 Coldwell Banker Commercial office nationally in 2017• #5 Coldwell Banker Commercial office nationally in 2016• #8 Coldwell Banker Commercial office nationally in 2015• #6 Coldwell Banker Commercial office nationally in 2014• #7 Coldwell Banker Commercial office nationally in 2013• #5 Coldwell Banker Commercial office nationally in 2012• #8 Coldwell Banker Commercial agent in Texas 2017• 2017 Silver Circle of Distinction

• Certified Commercial Investment Member (CCIM) - 2015• Licensed By the Texas Real Estate Commission - 2012• Member of (ICSC) International Council of Shopping Centers -2012• Graduate of Emerging Broker Training, 2012 Coldwell Banker• Member of Young Professionals of Greater Lubbock• Member of the Lubbock Association of Realtors, and National Association of Realtors.

• Single Tenant Net Leased and Multi-Tenant investment Sales• Retail Leasing & Brokerage

• Texas Tech University• South Plains College, Levelland, Texas• Associate's Degree in Business• Emerging Broker Training

• Meritage Hospitality Group• Wendy's• EdR - Education Realty Trust 2400 Glenna Goodacre Blvd. Lubbock, TX - 22,000 SF• CMS Properties• Fenton Properties Group

REAL ESTATE EXPERIENCE

AFFILIATIONS & AWARDS

REAL ESTATE EDUCATION & CIVIC ORGANIZATION

PRIMARY SPECIALTY

EDUCATION

NOTABLE CLIENTS — Current & Previous


Lubbock, Texas 79414806.793.0888

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RICK CANUP, CCIM

CEO


• CEO, Owner, and Principal Broker of Coldwell Banker Commercial Capital Advisors since 1977• REO and Distressed Asset Management and Disposition Services• Institutional Consultant regarding the maximization of Property Value Enhancement• Real Estate Asset Analysis and Marketing Strategies• Site Selection for Development Opportunities

• #1 Coldwell Banker Commercial office in Texas for 2010, 2011, 2012, 2013, 2014, 2015, 2016 and 2017.• #5 Coldwell Banker Commercial office globally in 2012• #7 Coldwell Banker Commercial office globally in 2013• #6 Coldwell Banker Commercial office globally in 2014• #8 Coldwell Banker Commercial office globally in 2015• #5 Coldwell Banker Commercial office globally in 2016• #4 Coldwell Banker Commercial office globally in 2017• 2011 Recipient of the Prestigous CBC Halter/Case Leadership Award out of 3,000 Brokers & Agents• 2014 Recipient of the prestigious Coldwell Banker Chandler Barton Spirit Award out of 88,000 Brokers & Agents• Previously served on the 9-member President’s Advisory Board for Coldwell Banker Commercial Corporate 2011 through 2013• 3 times Mentor/Protege of the Year for Coldwell Banker Commercial in 2006, 2008 and 2010• (CCIM) Certified Commercial Investment Member, 1983.• Certified Apartment Specialist, Coldwell Banker Commercial, 1983• Certified Land Specialist, Coldwell Banker Commercial, 1984• REALTOR® of the Year, 1990, Lubbock Association of REALTORS® - President, 1991 - Chairman of Board,

1992 - Distinguished Service Award, 2010• Various sales and management awards - Coldwell Banker Commercial• Member of ICSC –International Council of Shopping Centers• Licensed by the Texas Real Estate Commission since 1974

• NNN Investments, Multi-Family & Land

• Co-Regional Director of the Southern Central region of the CBC MultiFamily Group, Coldwell Banker Commercial (South Region consists of Texas, Oklahoma, Kansas, NewMexico, and Colorado).

• Led our team of professionals in the participation of over one billion dollars of brokerage and leasing of commercial real estate in the last few years including Multi-Family,Retail, Office, Industrial, and Development Land Assets.

EXPERTISE & STRENGTHS

AFFILIATIONS & AWARDS

PRIMARY SPECIALTY

ACCOMPLISHMENTS


Lubbock, Texas 79414806.793.0888

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11-2-2015

Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informa on about

brokerage services to prospec ve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage ac vi es, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material informa on about the property or transac on received by the broker; • Answer the client’s ques ons and present any o er to or counter-o er from the client; and • Treat all par es to a real estate transac on honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wri en lis ng to sell or property management agreement. An owner's agent must perform the broker’s minimum du es above and must inform the owner of any material informa on about the property or transac on known by the agent, including informa on disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wri en representa on agreement. A buyer's agent must perform the broker’s minimum du es above and must inform the buyer of any material informa on about the property or transac on known by the agent, including informa on disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the par es the broker must rst obtain the wri en agreement of each party to the transac on. The wri en agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obliga ons as an intermediary. A broker who acts as an intermediary:

• Must treat all par es to the transac on impar ally and fairly; • May, with the par es' wri en consent, appoint a di erent license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instruc ons of each party to the transac on. • Must not, unless speci cally authorized in wri ng to do so by the party, disclose:

that the owner will accept a price less than the wri en asking price; that the buyer/tenant will pay a price greater than the price submi ed in a wri en o er; and any con den al informa on or any other informa on that a party speci cally instructs the broker in wri ng not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transac on without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner rst.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s du es and responsibili es to you, and your obliga ons under the representa on agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This no ce is being provided for informa on purposes. It does not create an obliga on for you to use the broker’s services. Please acknowledge receipt of this no ce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

Informa on available at www.trec.texas.gov IABS 1-0

Date

Coldwell Banker Commercial 431370 TX [email protected] 806-793-0888

806-793-0888

806-793-0888

806-784-3258

[email protected]

[email protected]

[email protected]

191550 TX

191550 TX

644944 TX

Rick Canup

Rick Canup

Alex Eberhardt

for lease - loopnet · • realtor® of the year, 1990, lubbock association of realtors® -...

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