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Cintas Industrial Building | New 7yr NNN 2307 N Tx-289-loop 23,305 SF Industrial Building Lubbock, TX 79415 $3,010,000 ($129.16/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

23,305 SF building on 6.70 acres with a new 7-year corporate lease | 2 (5-year) renewal options, w/ rent increases of $0.44 PSF and $0.24 PSF
Operating over 400 facilities nationwide, many Cintas sites serve as mission-critical logistics hubs supporting route-based service models
A key circulation route around Lubbock, with regional connectivity through its intersection with Interstate 27 (29,600 VPD)

Cintas is a publicly traded company with a market cap over $70 billion (NASDAQ: CTAS) | S&P Global Rating: A-, Moody’s Rating: A3
Strategically positioned near N. University Avenue (5,600 VPD) and N. Loop 289 (19,900 VPD)
Low rent of $7.70/SF and price per square foot of $129/SF

EXECUTIVE SUMMARY

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. 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.

PROPERTY FACTS

Price	$3,010,000	Rentable Building Area	23,305 SF
Price Per SF	$129.16	No. Stories	1
Sale Type	Investment NNN	Year Built	1985
Cap Rate	6%	Tenancy	Single
Property Type	Industrial	Parking Ratio	2.27/1,000 SF
Property Subtype	Truck Terminal General Retail Freestanding	No. Dock-High Doors/Loading	2
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	6.70 AC
Zoning	Light Industrial (LI) - Light Industrial

Price	$3,010,000
Price Per SF	$129.16
Sale Type	Investment NNN
Cap Rate	6%
Property Type	Industrial
Property Subtype	Truck Terminal General Retail Freestanding
Building Class	C
Lot Size	6.70 AC
Rentable Building Area	23,305 SF
No. Stories	1
Year Built	1985
Tenancy	Single
Parking Ratio	2.27/1,000 SF
No. Dock-High Doors/Loading	2
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Light Industrial (LI) - Light Industrial