Ground lease of Build to Suit. The owner is looking for a long term Tenant that will sign a 10 year lease for all properties. The owner agree for all properties to be demolished in order to have a new structure, either built by the Tenant or Landlord under a build to suit scenario. The cost of the new rate under a build to suit will scenario will depend on the cost of improvements. Under a grounds lease scenario, the rent would be $90,000.00 per year, net lease.
-Near Texas Tech University
-Near University Medical Center
-The Hottest Developing Area in Town
-Size of Lot: 26,233 Square Feet