- For Sale $577,000
- Property Type Retail
- Property Size 1,513 SF
- Lot Size 0.61 SF
- Parking Spaces Avail. 30
- Year Built 1983
- Date Updated Jul 14, 2025
Discover a rare opportunity to acquire a stable, income-generating property located at 2406 34th Street in the heart of Lubbock, Texas.
This 1,513 SF single-tenant retail building sits on a ±0.61-acre lot and is 100% leased to Freeway Insurance, a subsidiary of Confie Administrative Services and one of the largest personal insurance distributors in the U.S. Backed by a 1,000+ unit corporate guarantee, the tenant has recently signed a new 5-year lease extension (commencing October 2025) with 2% annual rent escalations and minimal landlord responsibilities under a NN+ lease. Priced attractively at $577,000 with a 6.50% cap rate, this property offers exceptional visibility along a major thoroughfare with 14,200 VPD and is surrounded by strong local amenities including Texas Tech University and the Lubbock Medical District. Ideal for investors seeking passive income and long-term value in a tax-friendly state.
100% Occupied
Reach out to the broker for more info on lease terms and amenities
Attachments
False
Contacts
Location
Getting Around
-
Walk Score ®
72/100
Very Walkable
-
Transit Score ®
30/100
Some Transit
-
Bike Score ®
57/100
Bikeable
- City Lubbock, TX
- Neighborhood Heart of Lubbock
- Zip Code 79411
- Market Lubbock
Points of Interest
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Alon
0.16 miles
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Phillips 66
0.71 miles
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Valero
0.75 miles
-
Conoco
1.00 miles
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Murphy Express
1.12 miles
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SPEC ChargePoint Station
2.93 miles
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Tesla Supercharger
6.15 miles
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Residence Hall Parking - Lot Z3
1.18 miles
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Goin' Band Practice Area
1.22 miles
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Flint Ave Garage
1.32 miles
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Lot R07
1.37 miles
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Lot R09
1.46 miles
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Lot R01
1.51 miles
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Lot R08
1.52 miles
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American State Bank Parking
1.54 miles
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Lot Z5
1.59 miles
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Hub City Wings
0.59 miles
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Sonic
0.59 miles
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The Brand On 34th
0.63 miles
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Capital Pizza
0.64 miles
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Burrito Tower
0.65 miles
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Uncle Chien's Chinese and Thai Restaurant
0.67 miles
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Tom & Bingo BBQ
0.68 miles
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Subway
0.70 miles
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Josie's
0.71 miles
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India Palace Restaurant
0.72 miles
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Jirani International Enterprise African Market
0.50 miles
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Mirch Masala Groceries & Kitchen
0.56 miles
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Food King
0.68 miles
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Ross
1.26 miles
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United Supermarkets
1.31 miles
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Market Street
1.62 miles
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Walmart Supercenter
1.94 miles
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Oriental Market
2.27 miles
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Amigos
2.45 miles
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Target
2.47 miles
Frequently Asked Questions
The space currently listed for sale at Single-Tenant Investment with Corporate Guarantee – Freeway Insurance, Lubbock, TX asks for $577,000.
Single-Tenant Investment with Corporate Guarantee – Freeway Insurance, Lubbock, TX totals 1,513 square feet.
Single-Tenant Investment with Corporate Guarantee – Freeway Insurance, Lubbock, TX was built in 1983.
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