5212 Slide Rd - Fast Food FOR SALE


Lubbock, TX 79414- Wester
$2,080,000 USD
949-557-5012
5212 Slide Rd, Lubbock, TX for Sale
$2,080,000 USD
Fast Food - FOR SALE
1/7
null | 5% Cap Rate

5212 Slide Rd
Lubbock, TX 79414
Wester


HIGHLIGHTS

  • 15-year absolute NNN lease - ±10.8 years remaining, three (3) five-year options, 10% increase every 5 years
  • Corporate Guarantee – Lease guaranteed by Duch Bros (NYSE: BROS) 3rd largest by revenue, ±1,000 plus locations across 19 states
  • Fee Simple Ground Lease – Zero landlord responsibilities
  • Strong Real Estate Fundamental – ±2,170 SF double drive-thru on ±28,369 SF parcel (typical Dutch Bros are ±950 SF)
  • Tax-Advantaged Market – Texas has no state income tax
  • Delivered free & clear of debt – flexible financing or all-cash purchase

OVERVIEW

Kidder Mathews is pleased to present the exclusive offering of a newly constructed, Single-Tenant NNN fee simple Ground Lease investment leased to Dutch Bros Coffee, located at 5212 Slide Road, in the City of Lubbock, Texas 79414. This high-profile asset features a ±2,170 square feet freestanding, double drive-thru on a ±28,369 square feet parcel along Slide Road, one of Lubbock’s busiest corridors with traffic counts around ±31,689 vehicles per day. The site is strategically positioned adjacent to Arby’s and Burger King and near South Plains Mall, the only enclosed regional mall within ±100 miles, anchored by Dillard’s Dept Store, JC Penny, Premiers IMAX Cinemas, and H&M. Surrounded national retailers include Home Depot, Hobby Lobby, Ross, Old Navy, PetSmart, Texas Roadhouse, Chick-fi-A, Raising Cane’s, McDonald’s and Olive Garden, creating strong retail synergy and consumer draw. Dutch Bros opened at this location in June 2021 under a 15-year corporate-guaranteed NNN Ground Lease with three (3) five-year renewal options and 10% increases every 5 years. With ±10.8 years remaining on the initial term, the property offers investor a stable, long-term income stream backed by an investment grade tenant, with zero landlord responsibilities, an ideal fit for 1031 exchange or truly passive investors. Dutch Bros (NYSE: BROS) is the fastest-growing coffee chain in the U.S. and third largest by revenue, operating ±982 locations across ±19 states. Located in the dominant retail corridor of Lubbock, the cultural and economic hub of West Texas, the property benefits from strong regional demand. Lubbock serves more than 50 surrounding communities, with South Plains Mall acting as the primary retail destination. The local economy is supported by diverse industries including agriculture, oil services, healthcare, home building, medical, and Texas Tech University. Favorable demographics further strengthen the market, with a 5-miles population exceeding 244,000 and an average household income over $94,000. The property offers convenient access to US-62, US-327, and Loop 289 ensuring excellent regional connectivity. Its infill location is surrounded by established residential neighborhoods, national retailers, and popular dining destinations, ensuring long-term tenant success

FOR SALE DETAILS

PRICE

$2,080,000 USD

PRICE/SF

$738 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Dutch Bros

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

C-2

APN/PARCEL ID

R25691

ASK ABOUT THIS PROPERTY

Fouy LyKidder MathewsMore Info
949-557-5012

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Fouy LyKidder MathewsMore Info
949-557-5012

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