Lubbock, TX - Loomis

Description:

• Loomis corporate signed lease
• Over 8 years of term remaining with 3 (5-year) option periods to extend
• The lease features a 10% rental increase in 2028 and FMV rental increases at the beginning of each option period

• The subject property is located at the signalized, hard corner intersection of Interstate 27 and Erskine Street, which combine to average over 38,000 vehicles passing by daily
• Approximately 2 miles from Texas Tech University, which has over 41,000 enrolled students
• The asset is located near a Walmart Supercenter anchored center that features other national/credit tenants such as Taco Bell, Dutch Bros, Walgreens, Take 5 Car Wash, and more
• Strong tenant synergy promotes crossover shopping to the subject property