Sherwin Williams Paint Store

Lubbock,
TX

PROPERTY INFORMATION

PRICE SUMMARY

$ 1600125

CAP RATE

6.25 %

NOI

$ 100008

TOTAL LOT SIZE

0.73 Acres

BUILDING SIZE 

8460 SF

PROPERTY HIGHLIGHTS

  • Rare NNN Lease Texas Sherwin Williams
  • Sherwin Signed 10-Year Lease in 2024 Leaving Over 9 Years Remaining on Primary Term
  • Passive Lease Structure - Tenant Fully Responsible for Roof/HVACs/Parking Lot - Landlord Only Responsible for Structure
  • Located on 50th Street in Lubbock With Almost 30,000 VPD in Front of Subject Property
  • Desirable Location for Sherwin - Building was Previously Occupied and Sherwin Signed Lease Within 4 Months of Previous Tenant Leaving
  • Built in 8% Rent Increase in Year 6 of the Lease
  • Lubbock is a West Texas/Regional Hub With a Population Over 265,000 Residents

Sherwin Williams Paint Store

|

4521 50th Street,

Lubbock,

TX

79414

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