Johnson Controls - Lubbock, TX

Highlights:

• NNN Lease with Long-term Corporate Tenant since 1986
• New Roof Replaced 2022
• Investment Grade Tenancy (BBB+)
• 2,000+ Global Locations on 6 Continents
• Most Dense Area of Lubbock | Intersection of TX-114 and TX-289 Loop w/67,000+VPD
• 12 miles from Lubbock Int'l Airport | Less than 3 miles from Texas Tech University with 40,000+ Students
• National and Regional Tenants surround the property such as Academy, Walmart Supercenter, Chick-fil-A, Dollar General, Ace Hardware, McDonalds, Best Buy, Toyota-Kia-Audi, and more

Description:

TREK Investment Group is pleased to offer for sale the Johnson Controls Inc office building in Lubbock, Texas. This is a BBB+ Investment Grade Corporate Tenant with 2,000+ global locations on 6 continents. Johnson Controls has occupied this space for 35+ years, since 1986. The subject property is strategically situated at the intersection of TX-289 Loop and TX-114, both major corridors through Lubbock seeing 67,000+ VPD. National and Regional Tenants surround the property such as Academy, Walmart Supercenter, Chick-fil-A, Dollar General, Ace Hardware, McDonalds, Best Buy, Toyota-Kia-Audi, and more. Additionally, HEB has recently purchased the property directly across 19th street between the Audi dealership and the Yates flooring store.

LUBBOCK, TEXAS
Lubbock, Texas is a thriving city in northwest Texas with a Metro population of over 324,000+ residents. It is the 11th largest city in Texas and the 84th largest city in the United States with a population increase of 13.61% since the 2010 census. The city has a strong, diverse economy that is based on agriculture, health care, manufacturing, wholesale and retail trade, and education. The Lubbock area is the largest contiguous cotton-growing region in the world. It is home to 4 institutions of higher learning including Texas Tech University, Lubbock Christian University, Wayland Baptist (Lubbock campus) and South Plains College. Texas Tech has the distinction of being the largest comprehensive higher education institution in the western two-thirds of the state of Texas with a student enrollment of over 40,000 annually. Lubbock serves as a medical center for 77 counties with 4 major medical centers offering the most comprehensive health care services between Dallas/Ft. Worth and Phoenix. Lubbock Preston Smith International Airport, an official U.S. Customs Port of Entry, offers four major air carriers and four air freight companies. As the “Hub” of the 26-county region of West Texas and Eastern New Mexico, over 596,000 people look to Lubbock for their shopping, dining, entertainment, transportation and medical needs.

"3 Major Business Expansions Create 400+ Jobs and $103.1M in Capital Investment" June 17, 2020 Announcement by Lubbock's Economic Development Alliance LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE: https://lubbockeda.org

LUBBOCK HIGHLIGHTS
"HUB" of 26-County Region of West Texas and Eastern New Mexico Texas Tech University - 40,000+ Students
#11 Largest City in Texas | #84 Largest City in U.S.
#15 “Best Place to Launch a New Business” – by WalletHub 2016
#27 “Best Large US Cities to Start a New Business” - by WalletHub 2018

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