2307 Clovis Rd, Lubbock, TX 79415

Property Details for 2307 Clovis Rd

Lot size

0.81 lot acres

Property type

Distribution centers

Property subtype

Manufacturing properties

Description

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.

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Longitude

-101.8670575

Latitude

33.6016401