1915 Texas Ave 6,320 SF 100% Leased Industrial Building Lubbock, TX 79405 $525,000 ($83.07/SF) 8.74% Cap Rate

Murphy & Martin Real Estate is pleased to present 1915 Texas Avenue, a stabilized single-tenant commercial investment opportunity located along an established automotive and industrial service corridor in central Lubbock.
Offered at $525,000, the property delivers an attractive 8.74% capitalization rate based on current annual rental income of $50,400 and a projected net operating income of $45,876.97.
The approximately 7,414-square-foot property is fully occupied by J Dee’s Import Garage, an established independent automotive service business operating under a Modified Gross Lease extending through June 26, 2029. The lease includes scheduled rental increases and places all utility expenses and significant routine maintenance responsibilities on the tenant, helping limit the landlord’s ongoing operating obligations.
The building features a highly functional automotive service layout with multiple overhead doors, office and customer reception space, and a large shop area. Its central location and flexible commercial configuration also support long-term re-leasing or future owner-user potential.
The seller has positioned the property for a quick and straightforward sale, creating an excellent opportunity for private investors and 1031 exchange buyers seeking immediate cash flow, an established tenant, and a strong going-in return.