NNN Auto Service
10405 Slide Rd Lubbock, TX 79424
10405 Slide Rd, Lubbock, TX, 79424
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For Sale
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Brand-new NNN auto service property with a 15-year ABS lease and listed size of 6,780 SF.
Property Size6,780 SF
Price / SF$353.98
Days on Market84
Property Features for 10405 Slide Rd
General Information
- Standard status
- Active
- Size
- 6,780 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2017
Listing agency
Marcus & Millichap - Denver
Listed by
Drew Isaac · License #CO FA.100023779
Source
Crexi
Added: Apr 30 Updated: Jul 22 at 4:33AM Checked: Jul 22 at 4:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
This brand-new NNN auto service property is offered for sale with a 15-year ABS NNN lease in place. The listing also references a 6.25% cap rate and notes nationwide comparison performance.
The property is located at 10405 Slide Rd in Lubbock, Texas 79424.
The asset is listed at 6,780 SF. The offering is positioned as an ABS NNN lease investment with long-term contractual duration.
The property is located at 10405 Slide Rd in Lubbock, Texas 79424.
The asset is listed at 6,780 SF. The offering is positioned as an ABS NNN lease investment with long-term contractual duration.
Key Highlights
- 2017‑built auto service property with a listed size of 6,780 SF
- 15‑year ABS NNN lease in place
- 6.25% cap rate referenced in the listing remarks
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.0k | $17.40 |
| − Vacancy | −$8.8k | −$1.31 |
| EGI | $109.1k | $16.10 |
| − OpEx | −$32.7k | −$4.83 |
| NOI | $76.4k | $11.27 |
6,780 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.09M
$954.8K – $1.27M
NOI $76,387 @ 7.0% cap · market cap 3.18%
Second Best
Retail
$935.6K
$818.7K – $1.09M
NOI $65,495 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$1.71M
$1.50M – $1.99M
NOI $119,648 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grease Monkey
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Dalton's Automotive Center — 9811 Slide Rd, Lubbock, TX 79424
- Grease Monkey — 10405 Slide Rd, Lubbock, TX 79424
FAQs
What type of property is this?
Auto shop - Brand-new NNN auto service property with a 15-year ABS lease and listed size of 6,780 SF.
Where is this auto shop located?
The property is located at 10405 Slide Rd Lubbock, TX.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 2017‑built auto service property with a listed size of 6,780 SF; 15‑year ABS NNN lease in place; 6.25% cap rate referenced in the listing remarks
