Applebee's - Lubbock, TX 4025 S Loop 289 5,388 SF Retail Building Lubbock, TX 79423 $2,699,164 ($500.96/SF) 6.75% Cap Rate

INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,388 SF
Building Class
C
Year Built/Renovated
1994/2010
Price
$2,699,164
Price Per SF
$500.96
Cap Rate
6.75%
NOI
$182,193
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.33 AC
Parking
50 Spaces (9.28 Spaces per 1,000 SF Leased)
Frontage
277’ on S Loop 289

AMENITIES

  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Applebee’s
  • Accommodation and Food Services
  • 5,388 SF
  • $33.81
  • Triple Net
  • Dec 2032
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Applebee’s Accommodation and Food Services 5,388 SF $33.81 Triple Net Dec 2032

NEARBY MAJOR RETAILERS

Jason's Deli
IHOP
Cheddar's Scratch Kitchen
Outback Steakhouse
Applebee's
Casa Ole
Centennial Bank
Behavioral Innovations
Prosperity Bank
Pure Barre

PROPERTY TAXES

  • Listing ID: 34077488

  • Date on Market: 12/4/2024

  • Last Updated:

  • Address: 4025 S Loop 289, Lubbock, TX 79423