4025 S Loop 289 - Restaurant FOR SALE
Lubbock, TX 79423 |
4025 S Loop 289
Lubbock, TX 79423
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.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Applebee's - Lubbock, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Storefront
TOTAL BUILDING SIZE
5388
STORIES
1
YEAR BUILT
1994
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
R98808
