3605 34th Street, Lubbock, TX
Well-established restaurant and building for sale, includes a second leased location.
- Added:
- Aug 27, 2024
- Days on Market:
- 680
- Last Refresh:
- Jun 30 at 10:41 am
Property Features for 3605 34th Street
General Information
- Standard status
- Active
- Size
- 2,898 SF
- Lot size
- 0.36 Acres
- Property subtype
- RETAIL
Listing office Keller Williams Commercial Lubbock (806) 470-6325
Listing date Aug 27, 2024
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Commercial Lubbock
HighLights
- Includes the business and building of a well‑established restaurant.
- Sale includes a second restaurant location (leased).
- Opportunity to own a business and real estate.
- Well‑established business.
- Includes a building.
- Includes two locations.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.9k | $16.20 |
| − Vacancy | −$3.3k | −$1.13 |
| EGI | $43.7k | $15.07 |
| − OpEx | −$10.9k | −$3.77 |
| NOI | $32.7k | $11.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.893
- Latitude
- 33.563
