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Valvoline 3706 Milwaukee Ave 2,600 SF 4-Star Retail Building Lubbock, TX 79407 $3,073,000 ($1,181.92/SF) 5.50% Cap Rate
Investment Highlights
- New 20-Year Absolute NNN Lease Guaranteed by Valvoline Inc. (NYSE: VVV)
- Brand New 2025 Construction with Two Drive-Thru Lanes
- Population of 300,000 within 10 Miles
- 10% Rent Increases Throughout Primary Term and Options & No Landlord Responsibilities
- Excellent Access & Visibility in Rapidly-Growing, Car-Dependent West Lubbock
- Exceptional Regional Connectivity with Convenient Access to Multiple Highways
Executive Summary
A brand new 20-year absolute NNN Lease guaranteed by Valvoline Inc. featuring new 2025 construction along a major north-south thoroughfare serving a rapidly growing, car-dependent area of Lubbock. The property benefits from excellent access and visibility along Milwaukee Ave (21,185 ADT) with convenient access to Loop 289, 19th St/Highway 114, and Highway 62. The property is proximate to major retail centers West End Center and Canyon West, which feature Costco, Target, Bass Pro Shops, Sam's Club, and many more.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,600 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$3,073,000
Price Per SF
$1,181.92
Cap Rate
5.50%
NOI
$169,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.08
Lot Size
0.78 AC
Parking
9 Spaces (3.46 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Drive Thru
- Monument Signage
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R83232 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $780 |
Property Taxes
Parcel Number
R83232
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$780
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Valvoline | 3706 Milwaukee Ave
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