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1702 19Th St Lubbock, TX 79401

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For Sale
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NNN property leased to Whataburger near Texas Tech University.

Property size:
2,229 SF
Lot size:
0.77 Acres

Property Features for 1702 19Th St

General Information

Standard status
Active
Zoning
General (MU-3)
Size
2,229 SF
Lot size
0.77 Acres

Building Details

Year built
1979

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Listing Contact
Webb Sellers
Source: Crexi

Listing Agency: SRS Real Estate Partners SAN ANTONIO Listing Agent: Webb Sellers

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Lubbock NNN Investment Opportunity

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.
Location Intelligence

Current Use by Public Records

Whataburger Restaurant

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Lubbock
County
Lubbock
State
Texas
Longitude
-101.815917
Latitude
33.578707

FAQs

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 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.
More about this property
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