3221 114th St 28,600 SF Flex Building Lubbock, TX 79423 $4,250,000 ($148.60/SF) 7.40% Cap Rate

McDougal Realtors is proud to present 3221 114th St in Lubbock, TX. This premier investment opportunity boasts a 7.4% cap rate and features a newly constructed (2024) industrial facility situated in one of the most rapidly developing and sought-after areas of Lubbock.
This impressive property spans 28,600 square feet on a 2.25-acre lot, providing significant operational capacity, including an ample fenced stackyard—a valuable asset for logistics, outdoor storage, and material staging.
The building is 100% leased to Action Gypsum Supply, LP, a major player in the building materials industry. The tenant operates 27 locations across six states, serving as a key distributor of gypsum wallboard, metal framing, insulation, and related construction materials. Their strong regional presence, proven operational history, and continued expansion across the southern United States make them a highly secure and creditworthy tenant. Their long-term, triple net lease further enhances the financial stability and minimal landlord responsibility associated with this investment.
With modern construction, strategic location, and a high-performing national tenant, 3221 114th St is a turnkey, income-generating asset ideal for investors seeking immediate cash flow, long-term stability, and minimal management obligations in the thriving West Texas market