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
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4521 50th Street,
Lubbock,
TX
79414
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POINT OF CONTACT
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