1702 19th St - Fast Food FOR SALE


Lubbock, TX 79401- South Overton
$2,995,000 USD
480-221-4221
1702 19th St, Lubbock, TX for Sale
$2,995,000 USD
Fast Food - FOR SALE
1/3
null | 5.05% Cap Rate

1702 19th St
Lubbock, TX 79401
South Overton


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

OVERVIEW

• Corporate signed lease by Whataburger Restaurants, LLC • Over 8 years remaining with 3 (5-year) option periods to extend • The lease features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$1,684 USD /SF

CAP RATE

5.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger | 8+yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

General (MU-3)

APN/PARCEL ID

R135437

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.