2307 N Tx-289-loop - Warehouse FOR SALE


Lubbock, TX 79415- Northwest Lubbock
$2,890,000 USD
929-229-2614
2307 N Tx-289-loop, Lubbock, TX for Sale
$2,890,000 USD
Warehouse - FOR SALE
1/8
null | 6.25% Cap Rate

2307 N Tx-289-loop
Lubbock, TX 79415
Northwest Lubbock


HIGHLIGHTS

  • 23,305 SF building on 3.46 acres secured by a newly executed 7-year corporate lease
  • NNN Lease Structure | Minimal Landlord Responsibilities
  • Operating over 400 facilities nationwide, many Cintas sites serve as mission-critical logistics hubs supporting route-based service models
  • Strategically positioned near N. University Avenue (5,600 VPD) and N. Loop 289 (19,900 VPD)
  • A key circulation route around Lubbock, with regional connectivity through its intersection with Interstate 27 (29,600 VPD)
  • Low rent of $7.70/SF and price per square foot of $129/SF

OVERVIEW

SRS Real Estate Partners is pleased to offer the opportunity to acquire the fee simple interest in a triple-net leased Cintas facility in Lubbock, Texas. The tenant, Cintas Corporation No. 2, recently executed a new 7-year lease with two (2) additional 5-year renewal options, demonstrating long-term commitment to the site. The lease includes scheduled rent increases of $0.44 PSF in the first option period and $0.24 PSF in the second, providing built-in income growth and protection against inflation. The tenant relocated to this site to accommodate a larger footprint, consolidating operations from its prior Slaton Road location, further reinforcing the importance of the asset. Under the NNN lease structure, the tenant is responsible for real estate taxes, insurance, and most maintenance, leaving minimal landlord obligations, ideal for an investor seeking stable, low-management income.

FOR SALE DETAILS

PRICE

$2,890,000 USD

PRICE/SF

$124 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cintas Industrial Warehouse (S&P A-)

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

15 Ft

DOCKS

2

DRIVE INS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

3.46

LAND SF

150,718

ZONING

Light Industrial (LI)

APN/PARCEL ID

R11142101

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.