Firestone Complete Auto Care | 6507 82nd St
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Firestone Complete Auto Care 6507 82nd St
7,700 SF Retail Building Lubbock, TX 79424 For Sale
Investment Highlights
- Long-Term, 20-Year Base Term Lease with 13 Years Remaining in Primary Term
- Visible Location at a Heavily Developed Intersection
- Corporate Lease with Investment Grade Credit
- Rental Increases: 10% increase in year 11, and a 15% increase in year 16 of the Primary Term; 8% increases in each of the 7 Option Periods
- No Landlord Responsibilities; absolute NNN Ground Lease with zero Landlord responsibilities throughout Primary Term & Option Periods
Executive Summary
Firestone Complete Auto Care Ground Lease Opportunity
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,700 SF
Building Class
B
Year Built
2017
NOI
$57,240
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.00 AC
Frontage
81 FT on 82nd St
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R329311 | Improvements Assessment | $1,093,340 |
| Land Assessment | $387,648 | Total Assessment | $1,480,988 |
PROPERTY TAXES
Parcel Number
R329311
Land Assessment
$387,648
Improvements Assessment
$1,093,340
Total Assessment
$1,480,988
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Firestone Complete Auto Care | 6507 82nd St
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