4433 34th St, Lubbock, TX for sale

Investment Overview

4433 34th Street is a fully leased, single-tenant NNN office investment in central Lubbock, offered at $395,000. The roughly 3,672 SF building is occupied by an established local business on a new 5-year NNN lease with 2% annual escalations. The property sits on the 34th Street corridor just west of Quaker Avenue, minutes from Texas Tech University and the medical district, making it a strong fit for 1031 exchange buyers and investors seeking stable, growing income.

Investment Highlights

• Fully leased, single-tenant NNN investment
• 9.29% cap rate
• Built-in rent growth: 2% annual base rent increases
• Market-supported rent: $8.50/SF NNN
• Ideal for 1031 or first-time investors: low-management ownership with long-term tenant stability.