Lubbock, TX - Guardian Building Projects

Description:

• Cameron Building Products Corporate signed lease
• Guardian Building Products, Inc. was acquired by Pacific Avenue Capital Partners in 2018 and changed it’s name to Cameron Ashley Building Products shortly after
• 13 years of initial term remaining with 2 (10-year) options to extend, demonstrating the tenant’s commitment to the site
• The lease features 2.25% annual rental increases throughout the initial term and FMV increases at the beginning of each option period

• The subject property is located along the I-27 Frontage Road, providing ease of access to Interstate 27, the major transportation artery serving the area
• Located approximately 1 mile from the Lubbock BNSF Railway station
• The City of Lubbock is grew 5.8% between 2020-2024 and is projected to grow by 6.3% over the next 5 years
• Strong tenant synergy promotes crossover exposure to the subject property