4025 S Loop 289 - Restaurant FOR SALE


Lubbock, TX 79423- Kings Park
$2,699,164 USD
512-768-0380
4025 S Loop 289, Lubbock, TX for Sale
$2,699,164 USD
Restaurant - FOR SALE
1/5
null | 6.75% Cap Rate

4025 S Loop 289
Lubbock, TX 79423
Kings Park


HIGHLIGHTS

  • 7+ Years Remaining on a Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • Annual Rent Increases Providing a Healthy Hedge Against Inflation
  • Strong Guarantee From RMH Franchise Holdings - Currently Operating Over 130 Restaurants Across 14 States
  • Texas is an Income Tax Free State
  • Strategically Located Next to a Walmart Supercenter, Providing For Outstanding Daily Traffic Counts
  • Located Directly Off of Highway 289, Which Sees Over 73,000 Vehicles Per Day

OVERVIEW

Sands Investment Group is Pleased to Exclusively Offer For Sale the 5,388 SF Applebee's Located at 4025 South Loop 289 in Lubbock, TX. This Deal Includes 7+ Years Remaining on a Triple Net (NNN) Lease With Zero Landlord Responsibilities and Annual Rent Increases Providing a Strong Hedge Against Inflation. This Location Features a Guarantee From RMH Franchise Holdings With Over 130 Restaurants Across 14 States. With a High Yield, Rare Annual Increases & Triple Net (NNN) Lease, This Asset Offers an Attractive Opportunity For an Investor. In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman Lic. TX #644481

FOR SALE DETAILS

PRICE

$2,699,164 USD

PRICE/SF

$501 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebee's - Lubbock, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

-

APN/PARCEL ID

R98808

ASK ABOUT THIS PROPERTY

Jordan MulloySands Investment Group Austin, LLCMore Info
512-768-0380

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Jordan MulloySands Investment Group Austin, LLCMore Info
512-768-0380

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.