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Applebee's - Lubbock, TX 4025 S Loop 289 5,388 SF Retail Building Lubbock, TX 79423 $3,801,676 CAD ($705.58 CAD/SF) 6.85% Cap Rate
INVESTMENT HIGHLIGHTS
- 7+ years remaining on a Triple Net (NNN) Lease with zero landlord responsibilities.
- Strong guarantee from RMH Franchise Holdings, currently operating over 130 restaurants across 14 states.
- Strategically located next to a Walmart Supercenter, providing outstanding daily traffic counts.
- Annual rent increases provide a healthy hedge against inflation.
- Texas is an income tax–free state.
- Located directly off Highway 289, which sees over 73,000 VPD.
EXECUTIVE SUMMARY
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
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,388 SF
Building Class
C
Year Built/Renovated
1994/2008
Price
$3,801,676 CAD
Price Per SF
$705.58 CAD
Cap Rate
6.85%
NOI
$260,415 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.33 AC
Parking
50 Spaces (9.28 Spaces per 1,000 SF Leased)
Frontage
277’ on S Loop 289
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Applebee's
- Accommodation and Food Services
- 5,388 SF
- $47.70 CAD
- Triple Net
- Dec 2032
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Applebee's | Accommodation and Food Services | 5,388 SF | $47.70 CAD | Triple Net | Dec 2032 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R98808 | Improvements Assessment | $1,081,670 CAD |
| Land Assessment | $563,916 CAD | Total Assessment | $1,645,585 CAD |
PROPERTY TAXES
Parcel Number
R98808
Land Assessment
$563,916 CAD
Improvements Assessment
$1,081,670 CAD
Total Assessment
$1,645,585 CAD
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Applebee's - Lubbock, TX | 4025 S Loop 289
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