4025 S Loop 289 - Restaurant FOR SALE


Lubbock, TX 79423- Kings Park
$2,740,144 USD
312-448-7458
4025 S Loop 289, Lubbock, TX for Sale
$2,740,144 USD
Restaurant - FOR SALE
1/5
null | 6.85% 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 provide 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 outstanding daily traffic counts.
  • Located directly off Highway 289, which sees over 73,000 VPD.

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 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, and a 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

$2,740,144 USD

PRICE/SF

$509 USD /SF

CAP RATE

6.85%

% 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

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

Kevin BlahaSands Investment GroupMore Info
312-448-7458

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Kevin BlahaSands Investment GroupMore Info
312-448-7458

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