7819 Slide Rd - Freestanding FOR SALE


Lubbock, TX 79424
$2,533,000 USD
929-229-2614
7819 Slide Rd, Lubbock, TX for Sale
$2,533,000 USD
Freestanding - FOR SALE
1/10
null | 6% Cap Rate

7819 Slide Rd
Lubbock, TX 79424


HIGHLIGHTS

  • 6.5+ Years Remaining | Options To Extend | Rental Increases | Corporate Signature | Strong Store Performance (#3 In Texas)
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Slide Road Frontage (36,600 VPD) | Excellent Visibility & Access
  • Established Commercial Node | Proximity To Retail Destinations
  • Growth Market | Strong Trade Area Demographics | $120K+ Average Household Income

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Mavis Tires & Brakes investment property located in Lubbock, Texas. The property has more than 6.5 years of lease term remaining with four (4) additional 5-year renewal options, providing stable in-place income with significant long-term extension potential. The lease features a 9.73% rental increase on April 1, 2028, followed by 10% rental increases at the beginning of each renewal option thereafter, providing contractual rent growth. The lease features a corporate signature through T.E., LLC, part of the Mavis platform formed by the 2018 merger of Mavis and Express Oil Change & Tire Engineers under Golden Gate Capital, now 3,500+ locations. The lease is absolute NNN with zero landlord responsibilities, providing an ideal, management-free investment opportunity for a passive or out-of-state investor. The location also demonstrates strong store performance, ranking as the #3 most-visited Mavis Tires & Brakes location in Texas according to Placer.ai.

FOR SALE DETAILS

PRICE

$2,533,000 USD

PRICE/SF

$337 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mavis Tires | Abs NNN | #3 Store in TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

AC

APN/PARCEL ID

R58546

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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