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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34557508
34557507

115 North University Avenue, Lubbock, TX 79415 For Sale

KM
TX 742093
Matthews
LI
TX 848016
Matthews
DB
TX 726278
Matthews
Listed by Matthews
$2,000,000
1 day on market
Updated 0 days ago

O’Reilly Auto Parts

Details
Property Type Retail
Square Footage 11,540
Cap Rate 5.80%
NOI $115,955
Occupancy 100%
Tenancy Single
Remaining Term 5
Price per SqFt $173
Year Built 1978
Ground Lease No

40-Year Auto Parts Destination Adjacent to Texas Tech — Brand New Roof Included

Investment highlights

• Texas Tech University Adjacent: The subject property is located ½ mile from the Jones AT&T Stadium and Texas Tech campus. The university is home to ±34,000 undergraduate students and over 42,000 total students.

• Recent Extension: O’Reilly just recently exercised a 5-year lease renewal with zero rent concessions.

• Brand New Roof: The property comes with a brand new TPO roof installed in late 2025. Including a 20-year material warranty and 5-year labor warranty.

• Seasoned Location: Formerly operating as an independent CARQUEST since 1986, O’Reilly Auto Parts purchased the business in 2016/2017 and the location has been operated as Auto Parts retailer for 40 consecutive years.

• B2B Synergy: The property is surrounded by over 15 local automotive related businesses, positioning the O’Reilly Pro division to gain a strong share of the local market.

• Income Tax Free State: Texas is one of nine income tax-free states, positioning this investment as a unique opportunity for qualified investors.

• Strong Demographics: The 5-mile surrounding area features over 150,000 residents with an average household income of ±$74,500, ideal O’Reilly Auto Parts DIY customers.

• Best in Class Tenant: O’Reilly Automotive (NASDAQ: ORLY) is the largest Auto Parts retailer in America with a market cap of ±$75B and Investment grade Credit Rating of BBB from S&P Global Ratings. The company operates over 6,500 locations across the United States, Puerto Rico, Mexico and Canada with an expected 225-235 new stores set to open in 2026.

Listing Contacts

KM
TX 742093
Matthews
LI
TX 848016
Matthews
DB
TX 726278
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,955.00
$9,662.92/mo

Valuation Metrics

0
DSCR
5.8%
Cap Rate
5.8%
ROI

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Additional Information

Name
Patrick Graham
License
528005, 9005919 (TX)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
2699 Howell St., Suite 400, Dallas, TX 75204
Name
Kevin McKenna
License
742093
Brokerage Phone
2077524898
Name
Luke Ingram
License
848016
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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