Property summary
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.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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