This exceptional investment opportunity presents a 11,150-square-foot industrial property located at 2307 Clovis Road, Lubbock, TX 79415. The property is currently 100% occupied under a net lease with D&H United Fueling Solutions, a significant player in the petroleum systems industry, boasting 33 locations nationwide. The lease, originally commencing October 1, 2008, has a remaining term of approximately 3.9 years, with a further 5-year option. The current lease includes annual rent bumps of 1.5%, providing built-in upside potential. The asking price is $750,000, representing a compelling cap rate of 7.66% and a price per square foot of $67.26. The property sits on a 0.81-acre lot and offers excellent access to major Texas highways, including Texas 289 Loop, Highway 84, and Interstate 27. The building itself is well-maintained and features modern amenities suitable for distribution, manufacturing, or warehouse operations. The tenant, backed by a corporate guarantee, demonstrates a long-term commitment, having recently renewed their lease. This property offers a strong, stable income stream with significant growth potential in a thriving Lubbock, Texas location, often referred to as the "Hub City" due to its economic and logistical importance in the South Plains region. The Net Operating Income (NOI) is $57,469. This is a rare opportunity to acquire a high-quality industrial asset with a secure, long-term tenant.
Highlights
D&H, the world's largest provider of petroleum system tank testing and environmental compliance services, occupies the property with 33 US locations.
The tenant, D&H Fueling Solutions (a Wind Point Partners portfolio company), is financially strong and backed by a significant private equity firm.
The tenant recently signed a 5-year lease renewal, demonstrating long-term commitment to this location since 2008.
The modified gross lease offers built-in upside potential for future Net Operating Income (NOI) growth due to below-market rent.
The property benefits from excellent access to major highways (TX-289 Loop, Hwy 84, I-27).
The property is located in Lubbock, a regional economic and transportation hub in the South Plains.
The property is located at 2307 Clovis Rd Lubbock, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: D&H, the world's largest provider of petroleum system tank testing and environmental compliance services, occupies the property with 33 US locations.; The tenant, D&H Fueling Solutions (a Wind Point Partners portfolio company), is financially strong and backed by a significant private equity firm.; The tenant recently signed a 5-year lease renewal, demonstrating long-term commitment to this location since 2008.
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Contacts
Austin Marsh
Stratton Greig
Thomas Miller
Will Beightol
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Clovis Rd Lubbock, TX 79415
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Clovis Rd Lubbock, TX 79415
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2307 Clovis Rd
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