Ideal Location: The Property is positioned two miles from Texas Tech University one of Lubbock’s primary demand drivers and near the University Medical Center and Downtown Lubbock. Expansive Regional Trade Area: A key to Northtown Plaza’s success lies in its expansive regional trade area, which serves a large group on consumers throughout the West Texas region.
- Jones Lang LaSalle (“JLL”) is pleased to exclusively present the opportunity to acquire Northtown Plaza (the “Property”), a 73,633 square-foot grocer-anchored shopping center located in Lubbock, Texas, home to Texas Tech University. The Property is strategically located along N. University Avenue just two (2) miles northeast from the center of campus and benefits from an expanded regional trade area stretching 75 miles in any direction. The Property is 100% occupied and is exclusively anchored by Amigos United, a part of the Albertsons family of companies (Moody’s: B2), and other investment-grade tenants, such as Dollar Tree and Family Dollar. The acquisition of Northtown Plaza provides an investor with the rare opportunity to acquire a grocery-anchored shopping center
- featuring in-line tenancy operating essential businesses.