DRIVETIME NNN LEASE 6540 82ND STREET | LUBBOCK, TX 79424 - LOOPNET
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REPRESENTATIVE PHOTO
DriveTime
NNN LEASE
6540 82nd Street | Lubbock, TX 79424
CAPITAL ADVISORS
Investment Summary
REPRESENTATIVE PHOTO DRIVETIME
6540 82nd Street Lubbock, TX 79424
$3,927,000 5.50%
PRICE CAP
NOI: $216,000 NNN
LEASE TYPE: NNN LEASE
LEASE TERM: 5 YEARS
LEASABLE AREA: 10,384 SF
LAND AREA: 2.46 AC
YEAR BUILT: 2009 (renovated 2022)
PARKING SPACES: 20 SPACES (plus car lot)
A NNN LEASE WITH STORE
OPENING IN Q1 2022
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Investment Highlights
The asset is a newly renovated DriveTime dealership NNN LEASE located in Lubbock, TX, which is expected to
open and rent commence in Q1 2022. DriveTime is the go-to used car dealership brand with approximately 145
locations in the U.S. and 3,800 employees. DriveTime was founded in 2002 and is headquartered in Tempe, Arizona.
The opportunity features a 5-year NNN lease term with four 5-year options to renew at 10% rental increases. Tenant
does have an early termination option on or anytime after the second anniversary of the commencement date.
This DriveTime offering consists of two buildings adding up to 10,384 sf with approx. 20 parking spaces,
(additional 140 parking space car lot) on a comfortable 2.46 acres. The property is located on 82nd Street just
west of Milwaukee Avenue. The 82nd & Milwaukee intersection is in the heart of the “Milwaukee Corridor”. The
Milwaukee Corridor is the 3-mile retail packed heart of growing southwest Lubbock including the Canyon West
Shopping Center (800,000+ square foot mixed-use development), Super Walmart, over 100 retailers, and a
staggering estimated traffic flow of 100,000+ vehicles per day in the corridor. The immediate trade area is full of
retail, single-family, multifamily, schools and a dense residential population of more than 54,000 residents within a
3-mile radius.
Lubbock is considered a major regional hub in West Texas with a population exceeding 250,000 residents. It is the
home of Texas Tech University (Red Raiders) and Liberty Christian University, and has a diverse economic base that
includes health, engineering, petroleum, education and cottonseed oil.
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We believe that the information contained here is accurate and reliable. We make no representations or warranties. Any interested party should independantly verify before making decisions.
Site Plan
sf 170’
10,384
RENTABLE SF 6,500 SF
17
0’
Oakridge Avenue
3,884 SF
ac
390’
2.46
ACRES
265’
pk
20 294’
SPACES
(+ car lot)
82nd Street
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Trade Area
Papalote Bacon
South Heights
Milwaukee Ave
Upland Ave
Iola Ave
Site $
BANK
Medical &
Office Plaza
City Bank
82nd Street 30,696 VPD 82nd Street
$
BANK
Dakota Arms
Apartments
Milwaukee Ave
Upland Ave
Quincy Ave
Iola Ave
Westwood
Monterey Valencia
The Trails
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TENANT OVERVIEW
ABOUT DRIVETIME
DriveTime is the nation’s second largest used car
dealership network focused solely on used vehicles.
Offering a 5-day return guarantee, including a 30-day
limited warranty, providing free AutoCheck history
reports and putting all of our vehicles through multi-
point inspections are just a few reasons why we are
one of America’s most trusted used car dealers.
DriveTime buys 150,000 cars annually at various
auctions. After auction, the company puts the
purchased cars through a 14-day inspection at one of
its 24 inspection centers. It makes necessary repairs
before sending the vehicles to its dealerships.
DriveTime ranked 3,793 on the Inc. 5000 list of fastest
growing companies after posting $2 billion in revenue
and adding 1,192 jobs in 2014. DriveTime ranked No.
15 on Computerworld’s 100 Best Places to Work in IT
list in 2015.
It also encourages employees to create startup
companies. Sister companies spun off from the
company include GO Financial, Carvana and
SilverRock Group.
REPRESENTATIVE PHOTO
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REPRESENTATIVE PHOTO
Contact Info
Beau Tucker
BTucker@CBCWorldwide.com
806 470 3944
Eric Eberhardt
EricE@CBCWorldwide.com
806 438 3888
Alex Eberhardt
AlexE@CBCWorldwide.com
806 577 3032
CBCWorldwide.com
CAPITAL ADVISORS
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