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811 50th St
2,060 SF of Retail Space Available in Lubbock, TX 79404
Highlights
- located at corner of busy intersection of I-27 and 50th street. Double sided drive through!
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,060 SF | 5 Years | $14.56 /SF/YR $1.21 /SF/MO $156.72 /m²/YR $13.06 /m²/MO $2,499 /MO $29,994 /YR | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Central Air and Heating
- Kitchen
- Freezer Space
- Corner Space
- High Ceilings
- Drive Thru
- Ventilation - Venting
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 FOR 811 50th St , Lubbock, TX 79404
| Property Type | Retail | Year Built/Renovated | 1961/2005 |
| Property Subtype | Restaurant | Parking Ratio | 12.14/1,000 SF |
| Gross Leasable Area | 2,060 SF | Cross Streets | US 87 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 2,060 SF |
| Year Built/Renovated | 1961/2005 |
| Parking Ratio | 12.14/1,000 SF |
| Cross Streets | US 87 |
About the Property
Highly desirable restaurant space available for lease on the corner of busy I-27 and 50th Street in Lubbock, TX. The property features stainless steel finishes, a vent hood with an up-to-date ANSL fire suppression system, a 1000-gallon grease trap, an office, a walk-in freezer, a double-sided drive-through, and a large parking area with 25 spots. Kitchen equipment is available for sale. The advertised rental rate reflects a five-year lease with a landlord-discounted base monthly rate of $2500.00 for the first 12 months, with a six-month advanced payment of the full rental rate. The base rental amount adjusts to the current market rate of $3300.00 monthly for years two through five.
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
-
Murphy Coon -
Realty One
Presented by
811 50th St
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