NNN Property with Long-Term
7902 Slide Road, Lubbock, TX 79424
For Sale
$924,000
Single-tenant commercial asset with an established regional operator and scheduled lease increases.
Property Size4,311 SF
Days on Market52
Property Features for 7902 Slide Road
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Building Size
Year Built
Listing Agency:
SRS Real Estate Partners | Salt Lake City
Listed By:
Gary Chou · License TX #01911222
(714) 928-8016
Source:
Srsre
Added: Sep 19
Changed: Oct 26
Last Checked: Nov 8 at 2:07AM
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 | Salt Lake City
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This NNN property at 7902 Slide Road in Lubbock, Texas, was built in 1983 and is zoned F1 - Real Commercial. The asset is occupied by Empire Pawnshop Inc., doing business as Pawn Texas, a regional operator with five locations across California and Texas.
The tenant executed a new 10-year lease in April 2026, along with one additional 5-year renewal option. The lease provides for 4% rental increases every 2 years during the base term and 2% annual increases throughout the option period. Tenant improvements exceeding $100,000 are scheduled for 2026, reflecting a substantial planned investment in the premises.
The tenant executed a new 10-year lease in April 2026, along with one additional 5-year renewal option. The lease provides for 4% rental increases every 2 years during the base term and 2% annual increases throughout the option period. Tenant improvements exceeding $100,000 are scheduled for 2026, reflecting a substantial planned investment in the premises.
Key Highlights
- New 10‑year lease executed in April 2026
- One additional 5‑year renewal option
- 4% rental increases every 2 years during the base term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,644
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,880
$832.9K
Cap Rate 7%
$594,914
$594.9K
Cap Rate 9%
$462,711
$462.7K
Market Conditions
NOI Build-Up for 4,311 SF
Gross rent
$64.7K $15.00/SF
− Vacancy
−$5.2K −$1.20/SF
EGI
$59.5K $13.80/SF
− OpEx
−$17.8K −$4.14/SF
NOI
$41.6K $9.66/SF
Area
Lubbock, TX
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,880
Cap Rate 7%
$594,914
Cap Rate 9%
$462,711
Alternative Uses
Best Use
Retail
$594.9K
$520.6K – $694.1K
NOI $41,644 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$951.0K – $1.27M
NOI $76,077 @ 7.0% cap · market cap 8.23%
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
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
148k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 29%
Home Improvements & Furnishings 21%
Groceries 5%
Rosa's Cafe
Dining
27,562 visits/mo
0.4 miles
McDonald's
Dining
20,640 visits/mo
0.2 miles
Murphy USA
Shops & Services
20,227 visits/mo
0.3 miles
Harbor Freight Tools
Home Improvements & Furnishings
17,443 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
13,280 visits/mo
0.4 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
$279,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for NNN properties in Lubbock, TX
Properties on Market for NNN properties in Lubbock
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant commercial asset with an established regional operator and scheduled lease increases.
Where is this nnn property located?
The property is located at 7902 Slide Road Lubbock, TX.
What is the asking price?
The asking price for this property is $924,000.
What are key features of this property?
This property features: New 10‑year lease executed in April 2026; One additional 5‑year renewal option; 4% rental increases every 2 years during the base term
