10405 Slide Rd

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10405 Slide Rd

Lubbock, TX 79424
Asking Price
$2.40M
Cap Rate
6.25%
Asset Type
Auto Shop Retail
Class
Class B

What's Special

BRAND NEW 15 YR ABS NNN LEASE | 6.25% CAP | 89TH PERCENTILE NATIONWIDE (PLACER.AI) <p><strong>Top-Ranked Location in the United States (Placer.ai)</strong></p><p>According to Placer.ai, this location ranks in the 89th percentile nationwide, and the #7 location in Texas (out of 41 locations) for visits among the Grease Monkey system. This industry-leading performance underscores the strength of the trade area, customer loyalty, and operational prowess of this site.</p><p></p><p><strong>Strong Demographics & Proximity to Texas Tech</strong></p><p>Just minutes south of Texas Tech

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NOI
$80,000
Cap Rate
3.33%
DSCR
0.56
Underwater
Cash-on-Cash
-8.68%
Monthly Payment
$11,873.891
Annual Cash Flow
$-62,486.686

Location & Travel Times