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 Market193
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
(480) 221-4221
Listed By:
Webb Sellers · License #TX 589055
Source:
Crexi
Added: Feb 2
Changed: Aug 8
Last Checked: Aug 13 at 5:10PM
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,781
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 34%
Electronics 2%
Whataburger
Dining
13,752 visits/mo
0.1 miles
Discount Tire Store
Shops & Services
4,491 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
4,175 visits/mo
0.5 miles
Pizza Hut
Dining
2,784 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
546 visits/mo
0.0 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
