115 N University Ave, Lubbock, TX, 79415
O’Reilly Auto Parts
Key Information
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.
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