515 N I-27 - Service FOR SALE


Lubbock, TX 79403
$3,600,700 USD
818-907-9525
515 N I-27, Lubbock, TX for Sale
$3,600,700 USD
Service - FOR SALE
1/4
null | 6.35% Cap Rate

515 N I-27
Lubbock, TX 79403


HIGHLIGHTS

  • ABSOLUTE NNN LEASE: Ideal passive investment opportunity, backed by a true triple-net lease with zero financial landlord responsibilities
  • INVESTMENT-GRADE TENANT: Loomis is a nationally recognized cash-management and secure-logistics operator with investment-grade credit (S&P BBB)
  • TERM & RENT INCREASES: Over 7 years remaining on the base term, with a 10% increase in 2028
  • TEXAS TAX BENEFITS: Texas has no personal or corporate income tax which enhances overall investor yield and long-term return potential
  • STRATEGIC LUBBOCK INDUSTRIAL LOCATION: With efficient access to regional highways and rail, Lubbock serves as a key distribution and manufacturing hub
  • RESILIENT MARKET FUNDAMENTALS: Lubbock benefits from a stable labor base and a diversified economy anchored by Texas Tech University

OVERVIEW

This offering presents an ideal passive investment backed by an absolute triple net lease with zero financial responsibilities for the landlord. The tenant, Loomis, is a nationally recognized cash management and secure logistics company with an investment grade credit profile (S&P rated BBB) and a long track record of stable operating performance. The lease has more than seven years remaining on the base term and includes a scheduled ten percent rent increase in 2028, providing built in income growth. The property is strategically located in Lubbock, a key industrial and distribution hub serving West Texas, Eastern New Mexico, and the broader Southwest, with efficient access to regional highways and rail infrastructure. Lubbock’s resilient market fundamentals are supported by a stable labor base and a diversified economy anchored by Texas Tech University, healthcare, agriculture, and manufacturing, driving consistent industrial demand. Additionally, Texas’s lack of personal and corporate income tax enhances overall investor yield and long term return potential.

FOR SALE DETAILS

PRICE

$3,600,700 USD

PRICE/SF

$121 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Loomis Armored Transport | Lubbock TX

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Service Station, Distribution, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

7

PARKING SPACES

16

LAND DETAILS

LAND ACRES

3.57

LAND SF

155,509

ZONING

HC

APN/PARCEL ID

R71785

ASK ABOUT THIS PROPERTY

Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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