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Hooters 4950 S Loop 289 7,042 SF of Retail Space Available in Lubbock, TX 79414
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 7,042 SF | Negotiable | $41.18 CAD/SF/YR $3.43 CAD/SF/MO $289,987 CAD/YR $24,166 CAD/MO | Triple Net (NNN) |
1st Floor
· Located on high visibility frontage on major road and a retail center outparcel - Restaurant sits adjacent to the South Plains Mall that includes nationally recognized tenants like Chick-fil-A, Barnes & Noble, JCPenny, Dillards (who expanded to a newly renovated 220,000 SF flagship store) and Foot Locker · Rapidly Growing Market - As one of Texas’s most steadily growing markets, Lubbock is projected to see an 8% increase in population growth Year Over Year for the next 5 years · College Town - Property located 5 miles from Texas Tech University which is home to over 41,000 students and offers 12 academic colleges, 150 undergraduate degrees, 100 graduate degrees, 50 doctoral degrees, and 17 NCAA Division 1 Sports Programs · Medical Center Hub- Lubbock is the center for Texas Tech University Health Sciences Center, University Medical Center, and Covenant Medical Center ensuring a steady market stimulation as people travel to Lubbock for medical assistance or for medically related schooling
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Central Air and Heating
- Freezer Space
- High Ceilings
- Wheelchair Accessible
- Strong surrounding retail in proximity to location
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 7,042 SF | Total Land Area | 0.68 AC |
| Property Type | Retail | Year Built | 1980 |
| Property Subtype | Restaurant | Parking Ratio | 9.51/1,000 SF |
| Gross Leasable Area | 7,042 SF |
| Total Space Available | 7,042 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 7,042 SF |
| Total Land Area | 0.68 AC |
| Year Built | 1980 |
| Parking Ratio | 9.51/1,000 SF |
ABOUT THE PROPERTY
· Located on high visibility frontage on major road and a retail center outparcel - Restaurant sits adjacent to the South Plains Mall that includes nationally recognized tenants like Chick-fil-A, Barnes & Noble, JCPenny, Dillards (who expanded to a newly renovated 220,000 SF flagship store) and Foot Locker · Rapidly Growing Market - As one of Texas’s most steadily growing markets, Lubbock is projected to see an 8% increase in population growth Year Over Year for the next 5 years · College Town - Property located 5 miles from Texas Tech University which is home to over 41,000 students and offers 12 academic colleges, 150 undergraduate degrees, 100 graduate degrees, 50 doctoral degrees, and 17 NCAA Division 1 Sports Programs · Medical Center Hub- Lubbock is the center for Texas Tech University Health Sciences Center, University Medical Center, and Covenant Medical Center ensuring a steady market stimulation as people travel to Lubbock for medical assistance or for medically related schooling · Strong surrounding retail in proximity to location
- Freeway Visibility
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
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Hooters | 4950 S Loop 289
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