4025 S Loop 289 Lubbock, TX
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NNN leased Applebee's with annual rent increases in Lubbock, TX.
Type:RETAIL
Property size:
5,388 SFLot size:
1.33 AcresPrice / SF:
$500/SF- Added:
- Apr 8, 2025
- Days on Market:
- 383
- Last Refresh:
- Apr 5 at 11:03 pm
Property Features for 4025 S Loop 289
General Information
- Standard status
- Active
- Size
- 5,388 SF
- Lot size
- 1.33 Acres
- Property subtype
- RETAIL
Listing agent Jordan Mulloy
Listing office Sands Investment Group (SIG) | Austin (844) 474-4666
Listing date Apr 8, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group (SIG) | Austin
Overview
Lubbock Applebee's NNN Investment Opportunity
This 5,388 square foot NNN asset is located at 4025 South Loop 289 in Lubbock, TX. The property is an Applebee’s with over 7 years remaining on a triple net (NNN) lease with zero landlord responsibilities. The lease includes annual rent increases. The location is guaranteed by RMH Franchise Holdings, which operates over 130 restaurants across 14 states. Situated directly off Highway 289, the property benefits from high traffic volume, with over 73,000 vehicles per day. The property is strategically located next to a Walmart Supercenter. Other nearby national credit restaurant tenants include Outback Steakhouse, Cheddar’s, and IHOP. The property is located 5 miles from Texas Tech University, which has an enrollment of over 41,000 students. Additional nearby national retailers include Whataburger, Krispy Kreme, Sonic, AutoZone, T.J. Maxx, Dollar Tree, Pep Boys, BJ’s Restaurant & Brewhouse, and Golden Corral.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Applebee's Grill + Bar
Restaurant
Similar Places Nearby
- Ashley's Own Eats & Treats — 8212 Ithaca Ave #3, Lubbock, TX 79423
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.9
- Latitude
- 33.5284
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - NNN leased Applebee's with annual rent increases in Lubbock, TX.
Where is this restaurant located?
The property is located at 4025 S Loop 289 Lubbock, TX.
What is the asking price?
The asking price for this property is $2,699,164.
What are key features of this property?
This property features: 7+ Years Remaining on a Triple Net (NNN) Lease With Zero Landlord Responsibilities; Annual Rent Increases Providing a Hedge Against Inflation; Strong Guarantee From RMH Franchise Holdings (Over 130 Restaurants)
