Lubbock NNN Investment
For Sale
Contact for pricing
1702 19th St, Lubbock, TX 79401
NNN property leased to Whataburger near Texas Tech University.
Property Size2,229 SF
Lot Size0.77 Acres
Price / SF$1,298
Days on Market243
Property Features for 1702 19th St
General Information
Standard status
Active
Size
2,229 SF
Total Parking Spaces
18
Lot size
0.77 Acres
Property subtype
Retail
Zoning
General (MU-3)
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$151,219
Building Details
Year Built
1979
Year Renovated
2010
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners SAN ANTONIO
Listed By:
Webb Sellers · License #TX 589055
(361) 442-4764
Source:
Crexi
Added: Feb 2
Changed: Oct 1
Last Checked: Oct 2 at 6:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners SAN ANTONIO
Investment Insights
Based on property information with market context.
This single-tenant property at 1702 19th Street, Lubbock, Texas, presents an investment opportunity with a 5.05% cap rate and a net operating income of $151,219. Leased to Whataburger Restaurants, LLC, the corporate property has over 8 years remaining on the lease, with scheduled rental increases. The property is located near Texas Tech University, which has over 40,000 students, at a hard corner signalized intersection in a retail corridor. The property offers fee simple ownership, with the tenant responsible for all expenses. The rentable space is approximately 2,229 square feet on a 0.77-acre lot and includes 18 parking spaces.
Key Highlights
- Absolute NNN lease with Whataburger Restaurants, LLC, providing a passive investment opportunity.
- Boasting a 5.05% cap rate with a net operating income of $151,219.
- Over 8 years remaining on the lease with scheduled rental increases.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
SONIC Drive In
Dining
11,646 visits/mo
0.2 miles
Demographics for 79401, TX
8,775
Population
4,813
Households
1.8
Avg Household Size
26
Median Age
26%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
3,510
Density / Sq Mi
$27,255
Median Household Income
$20,570
Median Earnings
$1,048
Median Rent
$101,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - NNN property leased to Whataburger near Texas Tech University.
Where is this drive through restaurant located?
The property is located at 1702 19th St Lubbock, TX.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: Absolute NNN lease with Whataburger Restaurants, LLC, providing a passive investment opportunity.; Boasting a 5.05% cap rate with a net operating income of $151,219.; Over 8 years remaining on the lease with scheduled rental increases.
