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1607 University | 7,330 SF available 1607-1609 University Ave 1,000 - 7,330 SF of Retail Space Available in Lubbock, TX 79401
HIGHLIGHTS
- Heavy daytime traffic with over 24k vehicles per day
- Available for rent or sale
- Thousands of square feet across from Texas Tech available for just about any business
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,000-7,330 SF | Negotiable | $7.00 /SF/YR $0.58 /SF/MO $51,310 /YR $4,276 /MO | Triple Net (NNN) |
1st Floor
7,330 SF available with rents ranging between $7 - $11 / SF. Contact listing agent for details.
- Lease rate does not include utilities, property expenses or building services
- Right across from Texas Tech!
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 7,330 SF | Gross Leasable Area | 11,210 SF |
| Min. Divisible | 1,000 SF | Year Built | 1947 |
| Property Type | Retail | Parking Ratio | 1.58/1,000 SF |
| Property Subtype | Freestanding |
| Total Space Available | 7,330 SF |
| Min. Divisible | 1,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 11,210 SF |
| Year Built | 1947 |
| Parking Ratio | 1.58/1,000 SF |
ABOUT THE PROPERTY
Multi-tenant shopping center for lease across from Lubbock’s Texas Tech University Availability: 7,330 square feet (total building size 11,210 square feet) Rent Pricing: $7-11 / square foot + NNN Property is also available for sale. Building Description: Thousands of square feet conveniently located right across from Texas Tech. This shopping center offers the best frontage in the area and is built close to 19th Street to offer a very good location for the local population and Texas Tech University students. When someone is driving north on University, they will notice this building immediately. Location Description: Located right across from Texas Tech, this property’s location is second to none. This building is walking distance from most Texas Tech dorms. The property offers easy access to Interstate 27, Marsha Sharp, and downtown Lubbock. Due to the excellent frontage, there are over 29,000 vehicles per day and countless people walking in front of it. Vehicles per day: 24,353 per day (2022)
- Signage
NEARBY MAJOR RETAILERS
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1607 University | 7,330 SF available | 1607-1609 University Ave
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