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Strip on 40th 302-340 E 40th St 2,100 - 4,200 SF of Industrial Space Available in Lubbock, TX 79404
Highlights
- Offers two industrial spaces, each approximately 2,100 SF, within a 42,000 SF neighborhood center on 3.33 acres.
- Includes updated lighting and whiteboxed warehouse space, with one unit offering an office/showroom build-out completed in 2016.
- Features grade-level access, concrete construction, and rear gas-fired heaters for warehouse areas.
- Landlord willing to add office/restroom improvements for qualified tenants with a three-year lease commitment.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor - 320 | 2,100 SF | Negotiable | $4.60 /SF/YR $0.38 /SF/MO $9,660 /YR $805.00 /MO | Plus All Utilities | ||
| 1st Floor - 330 | 2,100 SF | Negotiable | $6.85 /SF/YR $0.57 /SF/MO $14,385 /YR $1,199 /MO | Plus All Utilities |
302-340 E 40th St - 1st Floor - 320
Grade level 2,100 SF unit available for lease. Concrete construction building. Rear gas fired heaters for warehouse. Currently in whiteboxed shell condition. New lighting and warehouse area.Would be a good space for overflow storage or other uses where office/restroom not required. Landlord will build office/restroom with credit tenant and 3 year lease. Please no game room or entertainment use inquires.
- Listed lease rate plus proportional share of utilities
- 1 Drive Bay
- Space is in Excellent Condition
302-340 E 40th St - 1st Floor - 330
Grade level 2,100 SF unit available for lease. Concrete construction building. . Rear gas fired heaters for warehouse. Office/ showroomarea built out in 2016. Approximately 600 SF of office/showroom and 1,500 SF warehouse. New lighting and whiteboxed warehouse area. Please no game roomor entertainment use inquires.
- Listed lease rate plus proportional share of utilities
- Includes 600 SF of dedicated office space
- 1 Drive Bay
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 4,200 SF | Frontage | 636’ on 40th St |
| Center Type | Neighborhood Center | Gross Leasable Area | 42,000 SF |
| Parking | 175 Spaces | Total Land Area | 3.33 AC |
| Center Properties | 1 | Year Built | 1963 |
| Total Space Available | 4,200 SF |
| Center Type | Neighborhood Center |
| Parking | 175 Spaces |
| Center Properties | 1 |
| Frontage | 636’ on 40th St |
| Gross Leasable Area | 42,000 SF |
| Total Land Area | 3.33 AC |
| Year Built | 1963 |
About the Property
Strip on 40th is a versatile neighborhood center offering functional industrial spaces in a convenient Lubbock location. The property spans approximately 42,000 square feet across a 3.33-acre site and provides 175 on-site parking spaces to accommodate tenants and visitors. With 636 feet of frontage along East 40th Street, the center ensures strong visibility and accessibility for businesses seeking a practical operational base. The center features grade-level access and durable concrete construction, making it suitable for a variety of light industrial and service-oriented uses. Current availabilities include two units of approximately 2,100 square feet each, offering flexible configurations for warehouse, showroom, or storage needs. Both spaces include updated lighting and whiteboxed interiors, with one unit featuring an office/showroom build-out completed in 2016. Located just minutes from major thoroughfares and approximately 12 miles from Lubbock Preston Smith International Airport, Strip on 40th provides excellent connectivity for local and regional operations. The landlord offers build-out options for office and restroom facilities for qualified tenants with longer-term commitments, ensuring adaptability to specific business requirements. This property’s combination of accessibility, functional design, and flexible leasing options makes it a practical choice for businesses seeking industrial space in the Lubbock market.
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Strip on 40th | 302-340 E 40th St
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