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115 N University Ave
Lubbock, TX 79415
O’Reilly Auto Parts · Retail Property For Sale
Investment Highlights
- Located ½ mile from Texas Tech campus, home to over 42,000 total students
- Brand new TPO roof installed late 2025 with 20-year material warranty
- Surrounded by 15+ local automotive businesses supporting O'Reilly Pro division
- O'Reilly recently exercised a 5-year lease renewal with zero rent concessions
- 40 consecutive years operating as an auto parts retailer at this location
- 5-mile trade area: 150,000+ residents, avg. household income of ±$74,500
Executive Summary
Patrick Graham
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,540 SF
Building Class
B
Year Built/Renovated
1978/2016
Price
$2,000,000
Price Per SF
$173.31
Cap Rate
5.80%
NOI
$115,955
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.65
Lot Size
0.41 AC
Opportunity Zone
Yes
Parking
20 Spaces (1.73 Spaces per 1,000 SF Leased)
Frontage
197’ on University Ave
Property Taxes
| Parcel Number | R108589 | Improvements Assessment | $523,412 |
| Land Assessment | $26,588 | Total Assessment | $550,000 |
Property Taxes
Parcel Number
R108589
Land Assessment
$26,588
Improvements Assessment
$523,412
Total Assessment
$550,000
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