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29523670
29523671

1702 19th St, Lubbock, TX 79401

WS
TX TX 589055
SRS Real Estate Partners SAN ANTONIO
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners SAN ANTONIO, SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa
$2,895,000
156 days on market
Updated 80 days ago

Whataburger | Lubbock, TX (19th St)

Details
APN R135437
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,229
Cap Rate 5.22%
NOI $151,219
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, McDonald's (+2)
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 08/30/2034
Remaining Term 8.1
Rent Bumps Yes
Lease Options 3 (5-Year)
Price per SqFt $1,299
Broker Co-Op Yes
Year Built 1979
Year Renovated 2010
Buildings 1
Stories 1
Acreage 0.770
Zoning General (MU-3)
Parking Spaces 18 spaces
Parking per 1,000 SqFt 8.08
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/01/2019
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Sale Condition 1031 exchange

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

Listing Contacts

WS
TX TX 589055
SRS Real Estate Partners SAN ANTONIO
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners SAN ANTONIO, SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$151,219.00
$12,601.58/mo

Valuation Metrics

0
DSCR
5.22%
Cap Rate
5.22%
ROI

Map

Zoning

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MU-3 MixedMixed UseGeneral
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Ryan Johnson
License
TX License No. 525292
Brokerage
SRS Real Estate Partners-Southwest, LLC
Title
Broker of Record
Name
Webb Sellers
License
TX 589055
Brokerage
SRS
Title
EVP
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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