Oil Changers 12602 Indiana ave Local commercial 121 m² À vendre Lubbock, TX 79423 2 470 938 € (20 412,09 €/m²) Taux de capitalisation 6 %

The subject property is prominently located with frontage on South Indiana Avenue (23,736 AADT) less than a quarter of a mile from the new Loop 88 highway in rapidly growing south Lubbock. Loop 88 is a 12.5-mile $155 million expansion project to convert the previous two-lane road to a six-lane freeway equipped with frontage roads, bridges, and ramps. With Segment 3, the segment closest to the site, as the first to be funded, the project will improve mobility and reduce congestion resulting in enhanced commercial transportation within the region. The site benefits from a total daytime population of 294,880 within 10 miles, a 0.91% annual population growth rate within a 3-mile radius, and average household income of $144,461 within a 3-mile radius.
The site benefits from a prominent retail location within the South Indiana Avenue corridor, which is experiencing major commercial and residential growth. It is a major north-south arterial with direct access to Texas Tech University (41,000 students and 5,800 staff), which is 7 miles from the site. There are many new retailers in close proximity along South Indiana including the adjacent Lonestar Suds car wash, as well as Sonic, McDonald’s, Alliance Credit Union, Circle K, Pizza Hut, Qdoba, Braum’s and Valero. There are also several recently completed and under construction retail and office buildings in the immediate vicinity. The prominent Texas grocery chain, United Supermarkets (part of Albertsons Companies), has its corporate headquarters located 4 miles from the site, as well as one of its newer stores located just down the road. H-E-B, located 2 miles from the site, boasts 3 million annual visits (per Placer.ai), placing it in the top 8% of H-E-Bs in Texas. 98th & Indiana is a prominent shopping center approximately 1.5 miles from the site with just under 1 million annual visits. Kingsgate Center, located 3.5 miles from the site, is the 2nd most visited shopping center in the Lubbock MSA with 2.6 million annual visits.
Lubbock is the county seat of Lubbock County and the 10th most populous city in Texas, with a population of 266,878, reflecting a 3.8% population increase since 2020. Lubbock serves as an expanding economic, educational, and healthcare hub of the South Plains region. As the region’s economic hub, the GDP for Lubbock MSA is $18.1 billion as of 2022. The city’s diverse economic landscape spans across numerous industries, including retail, food and beverage, and financial services.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.