TWO FULLY LEASED BUILDINGS - AVAILABLE SEPARATELY

Invest in the growth of Lubbock, Texas, with a multifaceted acquisition opportunity perfectly positioned to benefit from this city on the rise. 1625 and 1627 County Road 7340 are available together or separately, and the parcels can be divided. Each is serviced by gas, electric, septic, and well water.

INDUSTRIAL: 1627 County Road 7340 is a warehouse spanning 5,828 square feet on 1.03 acres. The industrial distribution facility is fully leased to Briggs Equipment, a parts supplier and servicer with two dozen locations throughout the southwest. The credit tenant is on a Double Net lease with more than four years remaining, leaving almost no landlord responsibilities. It features a 1,000-square-foot office space with a restroom and an implement shed. The remaining space accounts for the warehouse area, which is heated and cooled with blown foam insulation. It includes two 14-foot by 14-foot overhead doors, a Big Ass Fan, 16-foot wall height, 23-foot eave height, and gas overhead units.

MULTIFAMILY: 1625 County Road 7340 is a three-unit, 6,000-square-foot multifamily building built in 2021 with a local property manager in place that can cover maintenance and leasing efforts. The triplex has apartments A and B leased, each with a one-bedroom, one-bath layout and an oversized garage. Apartment C is an oversized unit and could be divided into two. It currently features a three-bedroom and two-bath layout with a large family room. Each unit has a covered patio, backyard, and washer/dryer hookups. The property is situated on 0.603 acres.

Located in south Lubbock, the 1625 and 1627 County Road 7340 portfolio boasts a desirable position in the city's most populated area outside of Texas Loop 289. Due to the densely populated location, the properties will benefit from Lubbock’s incoming public infrastructure plans to make an integrated regional bike/pedestrian system and expand the transit service. The properties are also located a mile off US 87, the city’s main north-south artery, which turns into Interstate 27.