Jiffy Lube Lubbock, TX

2302 82nd St
Lubbock, TX

Price: $1918000
Cap Rate: 5.50%
NOI: $105,497
Building Size: Approx. 4655 Sq. Ft.
Lot Size: Approx. 0.6 Acres
Type: Single-Tenant / Retail
Sub Category: Automotive Service
Year Built / Renovated: 2005 / 2017

Investment Overview

  • 2017 Renovation. 4,655+/- SF Building on .60+/- Acre Site
  • New 20-Year Corp, NNN w/ 10% Rent Bumps Every 5-Yrs
  • Located along 82nd St (35K VPD), just E of University Ave (36K VPD)
  • Near Whataburger, Chick-fil-A, Discount Tire, Raising Cane’s, Target
  • Approximately 4.5-Miles South of Texas Tech University (36K Enrollment)
  • 11-Miles S of Lubbock Preston Smith Intr. Airport (1.2M Passengers/Year)
  • Local Attractions: Jones AT&T Stadium (Texas Tech) | Mackenzie Park
  • Major Employers: Texas Tech | Covenant Health | United Super Market
  • Lubbock was Ranked 4th “Best City to Find a Job” – Fortune Magazine
  • 3-Mile Radius: 2017 Est Day Pop: 81,993 | 3-Mile Avg HH Income:  $73,819

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