Net-Leased Car Wash Ground
For Sale
Contact for pricing
7027 Quaker Avenue, Lubbock, TX 79424
Triple-net car wash ground lease offers a corporate-guaranteed tenant structure with limited landlord responsibilities.
Property Size8,110 SF
Price / SF$351.42
Days on Market63
Property Features for 7027 Quaker Avenue
General Information
Standard status
Active
Size
8,110 SF
Property subtype
Retail, Special Purpose
Building Details
Year Built
1989
Listing Agency:
Sands Investment Group
Listed By:
Elan Sieder · License #CA 01928243
Source:
Crexi
Added: Jun 4
Changed: Jul 10
Last Checked: Aug 5 at 11:54AM
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 Sands Investment Group
Investment Insights
Based on property information with market context.
Sands Investment Group presents an 8,110 SF Mister Car Wash offered for sale as an absolute triple net (NNN) ground lease. The property is operated under a corporate-guaranteed ground lease structure, designed to shift ongoing operating costs to the tenant. Under the terms described, the tenant is responsible for taxes, insurance, utilities, maintenance, repairs, and replacements for the leased premises throughout the lease term.
The asset is located at 7027 Quaker Avenue in Lubbock, Texas. This offering is presented as a passive investment opportunity with minimal landlord responsibilities, consistent with the absolute NNN framework and long-term ground lease.
For investors and buyers seeking a stabilized, net-leased automotive asset, this Mister Car Wash structure provides a practical approach to ownership where day-to-day landlord obligations are limited to what is retained under the lease terms. The lease is tied to Mister Car Wash / Car Wash Headquarters, with the corporate-guaranteed ground lease noted in the offering materials. Interested parties should review the full ground lease terms to understand the scope of responsibilities and the duration of the long-term structure.
The asset is located at 7027 Quaker Avenue in Lubbock, Texas. This offering is presented as a passive investment opportunity with minimal landlord responsibilities, consistent with the absolute NNN framework and long-term ground lease.
For investors and buyers seeking a stabilized, net-leased automotive asset, this Mister Car Wash structure provides a practical approach to ownership where day-to-day landlord obligations are limited to what is retained under the lease terms. The lease is tied to Mister Car Wash / Car Wash Headquarters, with the corporate-guaranteed ground lease noted in the offering materials. Interested parties should review the full ground lease terms to understand the scope of responsibilities and the duration of the long-term structure.
Key Highlights
- 8,110 SF Mister Car Wash at 7027 Quaker Avenue in Lubbock, TX
- 1989 year built
- Corporate‑guaranteed Mister Car Wash Ground Lease with an absolute triple‑net (NNN) structure
Financial Insights For Specialty Retail
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 | $131.4k | $16.20 |
| − Vacancy | −$9.2k | −$1.13 |
| EGI | $122.2k | $15.07 |
| − OpEx | −$30.5k | −$3.77 |
| NOI | $91.6k | $11.30 |
8,110 SF · lease $16.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,639 @ 7.0% cap · market cap 3.22%
Second Best
Industrial
$1.31M
$1.14M – $1.52M
NOI $91,371 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$2.04M
$1.79M – $2.39M
NOI $143,119 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,121
Businesses Nearby
432k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Superstores 34%
Shops & Services 20%
Groceries 4%
Walmart
Superstores
148,847 visits/mo
0.2 miles
Murphy USA
Shops & Services
31,374 visits/mo
0.2 miles
Mardel Christian & Education
Shops & Services
25,306 visits/mo
0.1 miles
SONIC Drive In
Dining
19,732 visits/mo
0.1 miles
BJ's Restaurant and Brewhouse
Dining
18,490 visits/mo
0.5 miles
Demographics for 79424, TX
53,479
Population
22,800
Households
2.3
Avg Household Size
38
Median Age
47%
College-Educated
95%
High-School Grad
41.6 sq mi
ZIP Area
1,286
Density / Sq Mi
$94,703
Median Household Income
$52,417
Median Earnings
$1,151
Median Rent
$279,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Triple-net car wash ground lease offers a corporate-guaranteed tenant structure with limited landlord responsibilities.
Where is this car wash located?
The property is located at 7027 Quaker Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 8,110 SF Mister Car Wash at 7027 Quaker Avenue in Lubbock, TX; 1989 year built; Corporate‑guaranteed Mister Car Wash Ground Lease with an absolute triple‑net (NNN) structure
