Whataburger | Lubbock, TX (19th St)
Neighboring Texas Tech University (40,000 Full-Time Students) | 2 Miles from Jones AT&T Stadium
Marketing description
Introducing an exceptional investment opportunity at 1702 19th Street, Lubbock, Texas. This single-tenant absolute NNN property boasts an impressive 5.05% cap rate with a net operating income of $151,219. With over 8 years remaining on the lease and scheduled rental increases, this corporate property leased by Whataburger Restaurants, LLC offers stability and growth potential. Situated near Texas Tech University with over 40,000 students, this property benefits from a prime location at a hard corner signalized intersection in a bustling retail corridor. With fee simple ownership and the tenant responsible for all expenses, this is an ideal opportunity for passive investors seeking long-term returns. The property features 18 parking spaces and approximately 2,229 SF of rentable space on 0.77 acres.
Investment highlights
8+ Years Remaining | Options To Extend | Scheduled Rental Increases
Absolute NNN | Fee Simple Ownership
Near Texas Tech University (40,000+ Students) | Hard Corner Signalized Intersection | Dense Retail Corridor
Strong Demographics In 5-Mile Trade Area
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