central park shopping center · is related to lubbockÅs accessible location on the crossroads of...

NET LEASED INVESTMENT GROUP

Central Park Shopping Center4930 S. Loop 289, Lubbock, TX 79414

CBCNetLeasedGroup.com

NET LEASED INVESTMENT GROUPLUBBOCK OFFICE4924 S. Loop 289Lubbock, TX 79414806.793.0888

• Two (2) Available Spaces for Lease• 29,868 Building SF• Located at Highest Trafficked Intersection in Lubbock

• Near South Plains Mall• Surrounded by National Retailers• Great Visibility off of the SW Loop 289

Central Park Shopping Center

Exclusively Offered By: RICK CANUP, [email protected]

ALEX EBERHARDTInvestment Sales [email protected]

Executive SummaryNET LEASED INVESTMENT GROUP

RICK CANUP, [email protected]


Exclusively Offered By:CBCNetLeasedGroup.com

PROPERTY OVERVIEWCentral Park Shopping Center currently has two (2) available retail spaces for lease. The rental rates are$14.00/PSF - $16.00/PSF. The two (2) available square footage's are 3,325 SF, and 6,400 SF (the 6,400SF space can be demised into two (2) spaces if necessary).

PROPERTY HIGHLIGHTS• Located near intersection with highest traffic counts in Lubbock, TX (over 180,000 VPD)

• Near Lubbock's Regional Mall - South Plains Mall

• Surrounded by National Retailers: Old Navy, Hobby Lobby, The Home Depot, Barnes & Noble, Dilliards,JC Penney, Sears, Bealls, Shoe Carnival, Crunch Fitness, OfficeMax, Mattress Firm, Michaels, PetSmart, andCheesecake Factory is "coming soon"

• $5.00/PSF NNN charges

• TI's Negotiable

PROPERTY SUMMARY

Available SF: 3,325 - 6,400 SF

Lease Rate: $14.00 - 16.00 SF/yr (NNN)

Lot Size: 2.28 Acres

Building Size: 29,868 SF

Year Built: 1982




Retailer AerialNET LEASED INVESTMENT GROUP




Site AerialNET LEASED INVESTMENT GROUP




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 $16.00 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 - $16.00 SF/yr

Available SpacesNET LEASED INVESTMENT GROUP




Suite 230 FloorplanNET LEASED INVESTMENT GROUP




Suite 230 PhotosNET LEASED INVESTMENT GROUP




Suite 208 FloorplanNET LEASED INVESTMENT GROUP




Suite 208 PhotosNET LEASED INVESTMENT GROUP




LOCATION DESCRIPTIONThe subject property is at a prime location alongthe Southwest Loop 289 in Lubbock, TX. Theintersection at Slide Road and Loop 289 boasts thehighest traffic counts in the city of Lubbock withover 180,000 vehicles per day. Notable retailproperties located near the subject property arethe Lubbock South Plains Mall, Central Plaza,South Plains Plaza, South Plains Crossing, LubbockParkade, and Restaurant Row. Lubbock, TX isknown as the "Hub City," due to its ideal locationwithin West Texas and the surrounding cities. TheLubbock metro population is 300,000+.

Location MapsNET LEASED INVESTMENT GROUP

LUBBOCK, TEXAS

Located on the South Plains of West Texas, Lubbock has long been known as the “Hub City”. The Nickname

is related to Lubbock’s accessible location on the crossroads of Interstate 27 and four major U.S. highways.

Lubbock is in the central time zone and is equal distance to both coasts, allowing for ease of U.S.

distribution. Within the city, you will find a well-planned transportation network with an average commute

time of 16 minutes.

As the 11th

largest city in Texas, Lubbock boasts a regional population base of 639,921 people. Lubbock’s

size affords businesses access to dedicated community leaders and personalized service while providing

you with a pipeline of personnel to fill your workforce needs. Home to Texas Tech University, Texas Tech

University Health Sciences Center and a fast-growing community college, Lubbock county boasts more

than 50,000 college students. Lubbock is the only city in the nation with a comprehensive university, a

health sciences center, and Agriculture College and a law school in one location, making Texas Tech

University the second largest contiguous university campus in the United States.

The transportation infrastructure that converged in Lubbock establishes it as a “Hub City”. Lubbock is home

to the Lubbock Preston Smith International Airport, which provides major carrier service across the country

and around the world. More than 60 commercial arrivals and departures take place each day serving 1.2

million travelers annually. Major interstates and highways, including Interstate 27, connect the city to two

major east-west Interstate systems: Interstate 20 and Interstate 40. Lubbock is located on the main line of

the Burlington Northern Santa Fe Railway that connects the city to major metropolitan areas of Central and

Western United States.

Lubbock’s highly skilled and educated workforce, proximity, and connection to major national and

international markets, and affordable utility and living costs make it the ideal place to grow your business.

Known as the “Hub City” of West Texas, our diverse economy is based on manufacturing, agriculture,

wholesale and retail trade services, as well as government, education, and health care.

Lubbock, TexasNET LEASED INVESTMENT GROUP




EDUCATION

The Lubbock area is home to more than 54,000 college students and nearly 13,200 college graduates

annually, a number that continues to grow each year. With three universities and one of the state’s

strongest community colleges, there is a continual flow of eager and well-trained individuals entering the

workforce. The labor force in Lubbock is distributed over a wide variety of industries and contains a diverse

set of skills and knowledge.

TEXAS TECH UNIVERSITY

Texas Tech University is a Tier One university known nationally for its research endeavors. The university is

home to more than 35,134 undergraduate and graduate students. New private and industry partnerships

are offering unparalleled research opportunities in a variety of areas including sustainable energy, wind

power, crop science and food safety. Texas Tech is world-renowned for its Wind Science and Engineering

Research Center and currently offers the only Ph.D. program in Wind Science and Engineering in the U.S.

Texas Tech is the state’s most recent national research university and the opportunities for students, faculty,

and research partners are endless. The Whitacre College of Engineering received two multi-million dollar

donations from major oil & gas companies. The university was also awarded a National Research University

Designation resulting in an additional $8 to $10 million in research funding annually.

The university is home to an award-winning chapter of Phi Beta Kappa, a national academic honorary

society. From the arts to engineering and the humanities to the physical sciences, Texas Tech offers 150

undergraduate majors, 100 Master’s Degrees and 50 Doctoral program in 13 colleges and hosts 60 research

centers and institutes. Texas Tech is also home to the Texas Tech University School of Law and a medical

school, the Texas Tech University Health Sciences Center, including groundbreaking research & clinical trials

at the school’s state-of-the-art cancer center.

Texas Tech UniversityNET LEASED INVESTMENT GROUP







Demographics MapNET LEASED INVESTMENT GROUP

1 Mile 3 Miles 5 Miles

Total Population 14,523 97,342 198,990Population Density 4,623 3,443 2,534Median Age 35.1 36.0 32.1Median Age (Male) 34.4 34.5 31.1Median Age (Female) 35.3 37.7 33.4Total Households 6,835 41,394 78,887# of Persons Per HH 2.1 2.4 2.5Average HH Income $54,260 $68,242 $63,223Average House Value $139,755 $150,114 $145,590

T 806.784.3258C [email protected]




Investment Sales Specialist

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

• Net Leased Investments & Shopping Center Brokerage

• Texas Tech University - Rawls College of Business, Lubbock, Texas• Bachelors of Business Administration in Marketing

• 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.

• 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

ALEX EBERHARDT

Advisor Bio | Alex EberhardtNET LEASED INVESTMENT GROUP




T 806.784.3304C 806.438.8188F [email protected]

CEORICK CANUP, CCIM

Advisor Bio | Rick Canup, CCIMNET LEASED INVESTMENT GROUP

• 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 ofTexas, Oklahoma, Kansas, New Mexico, 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 lastfew years including Multi-Family, Retail, Office, Industrial, and Development Land Assets.

EXPERTISE & STRENGTHS

AFFILIATIONS & AWARDS

PRIMARY SPECIALTY

ACCOMPLISHMENTS

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

central park shopping center · is related to lubbockÅs accessible location on the crossroads of...

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