About This Restaurant
Investment Highlights
Brand New 15-Year Absolute NNN Lease w/ (4) 5-Year Options to Renew & 10% Rental Bumps Every 5 Years, In Primary Term & Options Strategically Positioned Less than Half a Mile from Texas Tech University Campus (40,000+ Students Enrolled) Dutch Bros Total Revenue Grew 48.4% to $739.0 Million as Compared to $497.9 Million in 2021 Located Off of Marsha Sharp Fwy (35,167+ VPD), the Main Thoroughfare Around Texas Tech University Campus and the Lubbock Area Located in a Prime Area of Lubbock ? 1.5 Miles from University Medical Center, a 500-Bed Teaching Hospital Lubbock | 10th Most Populous City in Texas | Population: 263,930
Executive Summary
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Fast Food General Retail Storefront Freestanding
- Building Size 950
- Building Class C
- Year Built 2023
- Price 2,065,000
- Price Per SF 2,174
- Cap Rate 5.40
- NOI 111,500
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 0.47 AC
Nearby Amenities & Transportation
| Retail | Dutch Bros | ||
| Retail | Wells Fargo | ||
| Retail | Church's Chicken | ||
| Retail | Newk's Eatery | ||
| Retail | Wingstop | ||
| Retail | Denny's | ||
| Retail | Fuzzy's Taco Shop | ||
| Retail | Amazon Go | ||
| Retail | Torchy's Tacos | ||
| Retail | Vitality Bowls |
Property Taxes
| Parcel Number | R114513 | Improvements Assessment | $246,600 |
| Land Assessment | $161,134 | Total Assessment | $407,734 |
| Date Created: | 2024-07-16 04:23:42 | Last Updated: | 2024-07-16 04:23:42 |
| Address: | 1711 Marsha Sharp Fwy , Lubbock, Texas, 79415 | ||