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Office/Retail Property Next to Target
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7402 University Ave, Lubbock, TX 79423

3,085 SF office/retail space just off South Loop 289 with parking and direct access to adjacent Target.

Space Size3,085 SF
Days on Market337

Property Features for 7402 University Ave

General Information

Standard status Active
Size 3,085 SF
Net Rentable 3,085 SF
Property subtype OFFICE
Lease Type NNN

Space & Availability

Available Space 3,085 SF
Contiguous Space 3,085 SF
Space Use Office

Site & Location

Highway Access Yes
Road Access Yes

Spaces For Lease

at 7402 University Ave
7402 University Ave $16.50/SF/Yr
Size 3,085 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE
3,085 SF office/retail property located just off South Loop 289 with exceptional visibility and easy access. Positioned next to Target and one of the largest electric vehicle charging stations in Lubbock, this site benefits from strong daily traffic and surrounding national retailers. Property offers great parking, making it ideal for customer-facing office or retail users. Excellent opportunity for an owner-user or investor seeking high exposure along one of Lubbock’s primary retail corridors.
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Listing Agency: McDougal, REALTORS
Listed By: Carrigan Williams · License #773761
Source: Moodyscre
Added: Dec 1, 2025 Changed: Oct 25 Last Checked: Nov 1 at 7:58AM

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 McDougal, REALTORS

Rey
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Investment Insights

Based on property information with market context.

This 3,085 SF office/retail property at 7402 University Ave, Lubbock, TX 79423 is positioned just off South Loop 289, providing convenient access for customer-facing use. The property is set up with parking and is designed to support office or retail operations that benefit from high customer visibility.

The site is located next to a Target and adjacent to one of the largest electric vehicle charging stations in Lubbock. Its placement along a primary retail corridor brings it among surrounding national retailers, supporting steady walk-in and drive-by traffic for appropriate tenant users.

With its parking and prominent positioning near major retail and EV charging activity, the property is well suited for an owner-user or investor looking for a customer-facing office/retail site on a high-traffic arterial.

Key Highlights

  • 3,085 SF office/retail property
  • Located just off South Loop 289 for easy access
  • Adjacent to a Target

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Farmers Insurance - Joe ... Insurance Agency Farmers Insurance Insurance Agency Direct Health Care, ... Home Health Care Service

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Restaurant Hair Salon Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.48 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

624
Businesses Nearby

Demographics for 79423, TX

42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Lubbock, TX

$27.26 /SF/Yr
Avg Asking Price
$2.35–$288 /SF/Yr
Price Range
5,956 SF
Avg Space Size

This space is priced 39% below the average of $27.26 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office unit - 3,085 SF office/retail space just off South Loop 289 with parking and direct access to adjacent Target.
Where is this office unit located?
The property is located at 7402 University Ave Lubbock, TX.
What is the lease rate?
The lease rate is $16.50 SF/Yr.
What are key features of this property?
This property features: 3,085 SF office/retail property; Located just off South Loop 289 for easy access; Adjacent to a Target
(806) 215-7023 Call to check price and availability
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