1415 University Ave
Lubbock, Texas
Price:
$1,727,500
Cap Rate:
5.50%
NOI:
$95,000
Building Size:
Approx. 510 Sq. Ft.
Lot Size:
Approx. 0.29 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2022
Investment Overview
- Rare Texas Tech Campus Location – Underlying Real Estate on University Avenue is Scarce, Creating Limited Ownership Opportunities
- Brand New 2023 Construction with a 15-Year Absolute NNN Ground Lease and 10% Rental Increases Every 5 Years
- Across the Street from Texas Tech University Campus (40,500+ Students Enrolled) and Strategically Located Directly Across from Many of the Universities 18 Residence Halls – Which House over 7,400 Students
- Near Jones AT&T Stadium – Home to the Texas Tech Red Raider’s Football Program – Capacity of 60,454
- Located at the Signalized Intersection of University Drive (Main Road for Texas Tech University Campus), & 15th St. (49,118+/- Combined VPD)
- Near Many Local & National Favorites Including Raider Bar & Grill, Chimy’s Mexican, CVS, Insomnia Cookies, Jimmy John’s & Many More
- 7 Brew is a One of a Kind Concept with a Double Drive-Thru and Convenient Walk-Up Window, an Ideal Concept for College Students
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