4521 50th St | Lubbock, TX 79414
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- LoopNet Team
4521 50th St
Lubbock, TX 79414
Sherwin Williams Paint Store · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Rare NNN Lease Texas Sherwin Williams
- Passive Lease Structure - Tenant Fully Responsible for Roof/HVACs/Parking Lot - Landlord Only Responsible for Structure
- Desirable Location for Sherwin - Building was Previously Occupied and Sherwin Signed Lease Within 4 Months of Previous Tenant Leaving
- Sherwin Signed 10-Year Lease in 2024 Leaving Over 9 Years Remaining on Primary Term
- Located on 50th Street in Lubbock With Almost 30,000 VPD in Front of Subject Property
- Built in 8% Rent Increase in Year 6 of the Lease
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
8,460 SF
Building Class
B
Year Built
1972
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.73 AC
Zoning
C2 - Commercial
Parking
24 Spaces (2.84 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | R124612 | Improvements Assessment | $441,611 |
| Land Assessment | $159,000 | Total Assessment | $600,611 |
PROPERTY TAXES
Parcel Number
R124612
Land Assessment
$159,000
Improvements Assessment
$441,611
Total Assessment
$600,611
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