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7027 Quaker Ave - Mister Car Wash - Lubbock, TX 8,110 SF Specialty Building Offered at $2,850,000 at a 6.79% Cap Rate in Lubbock, TX 79424
Investment Highlights
- The property is leased to Mister Car Wash, under an Absolute Triple Net Ground Lease structure, with the tenant responsible for all taxes, insurance.
- The asset sits at Quaker Avenue & 72nd Street - one of Lubbock's highest-traffic intersections, shadow-anchored by a Walmart Supercenter and TJ Maxx.
- Listed at $2,850,000, this offering provides an exceptional opportunity to acquire a corporate NNN car wash asset at approximately $350/SF.
- The combination of a below-market land basis, corporate credit tenancy, preserved renewal options, and scheduled rent bumps positions this asset.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 8,110 SF Mister Car Wash located at 7027 Quaker Avenue in Lubbock, TX. This offering features a corporate-guaranteed Mister Car Wash Ground Lease with an Absolute Triple Net (NNN) structure, providing a passive investment opportunity with minimal landlord responsibilities. The tenant is responsible for taxes, insurance, utilities, maintenance, repairs, and replacements under a long-term ground lease with Mister Car Wash / Car Wash Headquarters.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
Property Facts
| Price | $2,850,000 | Lot Size | 1.27 AC |
| Price Per SF | $351.42 | Building Size | 8,110 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.79% | Year Built | 1989 |
| Property Type | Specialty | Parking Ratio | 2.47/1,000 SF |
| Property Subtype | Car Wash | No. Drive In / Grade-Level Doors | 4 |
| Building Class | C |
| Price | $2,850,000 |
| Price Per SF | $351.42 |
| Sale Type | Investment |
| Cap Rate | 6.79% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.27 AC |
| Building Size | 8,110 SF |
| No. Stories | 1 |
| Year Built | 1989 |
| Parking Ratio | 2.47/1,000 SF |
| No. Drive In / Grade-Level Doors | 4 |
Amenities
- Signage
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R71168 | Improvements Assessment | $384,575 |
| Land Assessment | $415,425 | Total Assessment | $800,000 |
Property Taxes
Parcel Number
R71168
Land Assessment
$415,425
Improvements Assessment
$384,575
Total Assessment
$800,000
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7027 Quaker Ave - Mister Car Wash - Lubbock, TX
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