2412 9th St - Fast Food FOR SALE


Lubbock, TX 79401- North Overton
$2,200,000 USD
480-221-4221
2412 9th St, Lubbock, TX for Sale
$2,200,000 USD
Fast Food - FOR SALE
1/8
null | 4.69% Cap Rate

2412 9th St
Lubbock, TX 79401
North Overton


HIGHLIGHTS

  • 13+ Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership
  • Across From Texas Tech University (40,000+ Students) | Jones AT&T Stadium (60,000 Seats) | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Corporate signed lease by Whataburger Restaurants, LLC • Over 13 years remaining with 3 (5-year) option periods to extend • The lease features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$801 USD /SF

CAP RATE

4.69%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,294 SF

ZONING

MU-3

APN/PARCEL ID

R317827

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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