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Valvoline | New 15yr Corp Abs NNN Grd Lse 11901 Quaker Ave 2,200 SF Retail Building Lubbock, TX 79424 $1,900,000 ($863.64/SF) 5% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Corporate Guaranteed | New Loop 88 Project |Scheduled Rental Increases | New Construction
- Outparcel to Commons South | Across From H-E-B Anchored Center |Adjacent to Walmart Supercenter | Primary Retail Corridor
- Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
- The tenant just signed a brand new 15-year lease with 4 (5-year) options to extend
- Lease is guaranteed by Valvoline, Inc. providing exceptional tenant security and long-term income stability
- Valvoline’s corporate backing substantially reduces credit risk and enhances the asset’s investment-grade quality
- Lubbock is constructing a new highway named Loop 88, which will span approx. 40 miles around Lubbock County, linking US-84 NW of Lubbock to US-84 SE
- The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation
- The newly-constructed building features a state-of-the-art design with high-quality materials
- Lease is guaranteed by Valvoline, Inc. providing exceptional tenant security and long-term income stability
- Valvoline’s corporate backing substantially reduces credit risk and enhances the asset’s investment-grade quality
- Lubbock is constructing a new highway named Loop 88, which will span approx. 40 miles around Lubbock County, linking US-84 NW of Lubbock to US-84 SE
- The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation
- The newly-constructed building features a state-of-the-art design with high-quality materials
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Building Class
B
Year Built
2025
Price
$1,900,000
Price Per SF
$863.64
Cap Rate
5%
NOI
$95,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.80 AC
Zoning
AC - Auto-Urban Commercial
Parking
39 Spaces (17.73 Spaces per 1,000 SF Leased)
Frontage
100’ on Quaker Avenue
Amenities
- Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Valvoline
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Valvoline | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | R337019 | Improvements Assessment | $0 |
| Land Assessment | $226,512 | Total Assessment | $226,512 |
Property Taxes
Parcel Number
R337019
Land Assessment
$226,512
Improvements Assessment
$0
Total Assessment
$226,512
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Valvoline | New 15yr Corp Abs NNN Grd Lse | 11901 Quaker Ave
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