4225 Loop 289 Lubbock, TX 79423-1100

Property Details for 4225 Loop 289

Year built

1993

Lot size

0.55 lot acres

Property size

3,124 SF

Zone code

38

Property type

Office buildings

APN

R93644

APU

R93644

Description

This exceptional investment opportunity presents a fee-simple ownership of a 3,124 square foot TitleMax storefront in Lubbock, Texas. Located at 4225 S Loop 289, this property boasts a 15-year absolute NNN lease with a 10% rent increase every five years and a remaining term of 9.7 years, expiring June 30, 2034. The lease commenced May 30, 2019, and includes one 5-year option. The property features a corporate guarantee from TitleMax (TMX Finance, LLC), minimizing landlord responsibilities. Situated on a 0.55-acre lot, the single-story building was constructed in 1993 and renovated in 2019. The property enjoys a prime location, benefiting from high traffic due to its proximity to a Walmart and direct access to TX Loop 289. Surrounding national retailers include TJ Maxx, Whataburger, and many others. The property's strong demographics, with a high average household income within a 3-mile radius, further enhance its investment appeal. The asking price is $1,360,000, representing a 6.00% cap rate and a price per square foot of $435.34. The current Net Operating Income (NOI) is $81,600. This is a tax-free state investment opportunity with excellent long-term potential.

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Longitude

-101.905

Latitude

33.5295

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments