115 N University Ave - Freestanding FOR SALE


Lubbock, TX 79415- Arnett Benson
$2,000,000 USD
207-752-4898
115 N University Ave, Lubbock, TX for Sale
$2,000,000 USD
Freestanding - FOR SALE
1/3
null | 5.8% Cap Rate

115 N University Ave
Lubbock, TX 79415
Arnett Benson


HIGHLIGHTS

  • Located ½ mile from Texas Tech campus, home to over 42,000 total students
  • O'Reilly recently exercised a 5-year lease renewal with zero rent concessions
  • Brand new TPO roof installed late 2025 with 20-year material warranty
  • 40 consecutive years operating as an auto parts retailer at this location
  • Surrounded by 15+ local automotive businesses supporting O'Reilly Pro division
  • 5-mile trade area: 150,000+ residents, avg. household income of ±$74,500

OVERVIEW

Patrick Graham License # 528005, 9005919 (TX) Matthews Real Estate Investment Services, Inc 2699 Howell St., Suite 400, Dallas, TX 75204 (866) 889-0550

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$204 USD /SF

CAP RATE

5.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O’Reilly Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

-

APN/PARCEL ID

R108589

ASK ABOUT THIS PROPERTY

Kevin McKennaMatthews Real Estate Investment ServicesMore Info
207-752-4898

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Kevin McKennaMatthews Real Estate Investment ServicesMore Info
207-752-4898

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.