7 Brew | Ground Lease Lubbock, Texas

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