Listed by Fisher James Capital
$3,073,000
Valvoline
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 2,600
Units 9
Cap Rate 5.5%
NOI $169,000
Occupancy 100%
Tenancy Single
Brand/Tenant Valvoline
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 06/30/2046
Remaining Term 20
Rent Bumps Yes
Lease Options Four (4) 5-year options
Broker Co-Op True
Year Built 2025
Buildings 1
Stories 2
Acreage 0.780
Parking Spaces 9 spaces
Parking Per SqFt 3.46
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/01/2026
Ground Lease No
New 20-Year Corporate Absolute NNN Lease in TX Guaranteed by Valvoline Inc.
Marketing description
A brand new 20-year absolute NNN Lease guaranteed by Valvoline Inc. featuring new 2025 construction along a major north-south thoroughfare serving a rapidly growing, car-dependent area of Lubbock. The property benefits from excellent access and visibility along Milwaukee Ave (21,185 ADT) with convenient access to Loop 289, 19th St/Highway 114, and Highway 62. The property is proximate to major retail centers West End Center and Canyon West, which feature Costco, Target, Bass Pro Shops, Sam's Club, and many more.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
Investment highlights
- New 20-Year Corporate Absolute NNN Lease Guaranteed by Valvoline Inc.: 10% Rent Increases Every 5 Years & at Options; Zero Landlord Responsibilities
- Valvoline (NYSE: VVV): National Leader in Preventative Automotive Maintenance
- Brand-New 2025 Construction: Double Drive-Thru Configuration in High-Traffic, Car-Dependent Retail Corridor
- Strategic Texas Location: Positioned Along Major Artery with Strong Traffic Counts and Surrounding National Retailers
- Strong, Growing Demographics: Expanding Residential Development and Above-Average Household Income
- No State Income Tax in Texas
Listing Contacts
Listed by Fisher James Capital
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$169,000.00
$14,083.33/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
Map
Zoning
AC CommercialSpecial CommercialAuto Urban Commercial
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View all 110 uses
View all 110 uses Last updated Apr 14, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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