Highlights

•Attractive Entry-Level Investment •Recently Executed 5-Year Lease Renewal •Built-In 2% Yearly Rent Escalations •Backed by Corporate Guarantee from 1,000+ Location Operator •Established Tenant with Long-Term Occupancy

Description

The Ficke Team at Colliers is proud to offer qualified investors the chance to acquire the fee simple interest in a Freeway Insurance property located at 2406 34th Street, Lubbock, TX 79411 (the "Property"). This asset is a single-tenant retail building totaling 1,513 square feet, situated on approximately 0.61 acres. Freeway Insurance has occupied the property for 12 years and recently committed to a 5-year lease extension starting September 30, 2025. The lease carries a corporate guarantee from Confie Administrative Services, Inc. The future owner will benefit from a passive investment with minimal landlord duties and annual rent increases of 2%. With a stable tenant history and excellent frontage along one of Lubbock’s major corridors, this asset presents a compelling investment opportunity with strong long-term potential.

Property Documents

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Freeway Insurance brochure.pdf

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Listing Details

  • Cap Rate

    6.5%

  • Tenancy

    Single

  • Space Type

    Retail

  • Sub Category

    Strip Centers

  • Date Listed

    9/8/2025

  • Net Operating Income

    $37,500

Property Specifics

  • Property Name

    Freeway Insurance

  • No of Buildings

    1

  • Year Built

    1983

  • Building Size

    1,513 SF

  • Lot Size

    0.61 Ac

  • Occupancy

    100%