Auto Shop with NNN
7819 Slide Rd, Lubbock, TX 79424
For Sale
$2,533,000
Operating automotive property with an absolute NNN lease and no landlord responsibilities.
Property Size10,488 SF
Days on Market51
Property Features for 7819 Slide Rd
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Traffic Count
Road Access
Building Details
Building Size
Year Built
Listing Agency:
SRS Real Estate Partners - Global Company
Listed By:
Britt Raymond · License TX #10491212709
(704) 517-4712
Source:
Srsre
Added: Sep 20
Changed: Oct 26
Last Checked: Nov 8 at 2:09AM
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 SRS Real Estate Partners - Global Company
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Investment Insights
Based on property information with market context.
This automotive property at 7819 Slide Rd includes land and building ownership and is occupied by Mavis Tires & Brakes. Constructed in 1996, the site carries Auto-Urban Commercial (AC) zoning and is leased on an absolute NNN basis, with no landlord responsibilities identified in the lease structure. More than 6.5 years remain on the current term, followed by four additional 5-year renewal options. Contractual increases include 9.73% on April 1, 2028, and 10% at the start of each renewal option.
The property fronts Slide Road with reported traffic of 36,600 VPD and is near Dairy Queen, KFC, Bank of America, and Rockridge Plaza, a Food King-anchored shopping center. The surrounding 5-mile trade area includes more than 212,000 residents and 91,900 employees. The lease includes a corporate signature through T.E., LLC.
The property fronts Slide Road with reported traffic of 36,600 VPD and is near Dairy Queen, KFC, Bank of America, and Rockridge Plaza, a Food King-anchored shopping center. The surrounding 5-mile trade area includes more than 212,000 residents and 91,900 employees. The lease includes a corporate signature through T.E., LLC.
Key Highlights
- More than 6.5 years remain on the current lease term
- Absolute NNN lease with zero landlord responsibilities
- Four (4) additional 5‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,163
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,363,260
$2.4M
Cap Rate 7%
$1,688,043
$1.7M
Cap Rate 9%
$1,312,922
$1.3M
Market Conditions
NOI Build-Up for 10,488 SF
Gross rent
$182.5K $17.40/SF
− Vacancy
−$13.7K −$1.31/SF
EGI
$168.8K $16.10/SF
− OpEx
−$50.6K −$4.83/SF
NOI
$118.2K $11.27/SF
Area
Lubbock, TX
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,363,260
Cap Rate 7%
$1,688,043
Cap Rate 9%
$1,312,922
Alternative Uses
Best Use
Industrial
$1.69M
$1.48M – $1.97M
NOI $118,163 @ 7.0% cap · market cap 4.66%
Second Best
Retail
$1.45M
$1.27M – $1.69M
NOI $101,314 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $185,084 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
36,600 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
140k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 31%
Home Improvements & Furnishings 22%
Electronics 2%
Rosa's Cafe
Dining
27,562 visits/mo
0.3 miles
McDonald's
Dining
20,640 visits/mo
0.1 miles
Murphy USA
Shops & Services
20,227 visits/mo
0.1 miles
Harbor Freight Tools
Home Improvements & Furnishings
17,443 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
13,280 visits/mo
0.2 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Auto shops in Lubbock
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Jon's mobile auto & cycle — 5613 87th lubbock, tx 3917 roosevelt midland, lubbock, tx 79424
- Mjd performance — 3602 Texas 114, Levelland, TX 79336
- Take 5 Oil Change — 5219 82nd St, Lubbock, TX 79424
- Barry Weaver Insurance Inc — 5430 80th st, lubbock, tx 79424
- Mavis Tires & Brakes — 7819 Slide Rd, Lubbock, TX 79424
Frequently Asked Questions
What type of property is this?
Auto shop - Operating automotive property with an absolute NNN lease and no landlord responsibilities.
Where is this auto shop located?
The property is located at 7819 Slide Rd Lubbock, TX.
What is the asking price?
The asking price for this property is $2,533,000.
What are key features of this property?
This property features: More than 6.5 years remain on the current lease term; Absolute NNN lease with zero landlord responsibilities; Four (4) additional 5‑year renewal options
