Lubbock Applebee's NNN Investment Opportunity

4025 S Loop 289, Lubbock, TX

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For Sale

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NNN leased Applebee's with annual rent increases in Lubbock, TX.

Type:RETAIL

Property size:

5,388 SF

Lot size:

1.33 Acres

Price / SF:

$500/SF

HighLights

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)
Located Next to a Walmart Supercenter, Providing For Outstanding Daily Traffic Counts
Located Directly Off of Highway 289, Which Sees Over 73,000 Vehicles Per Day
Texas is an Income Tax Free State

We can help!

Listing Contact

Jordan Mulloy

For Sale

Contact for pricing

NNN leased Applebee's with annual rent increases in Lubbock, TX.

Type:RETAIL

Property size:

5,388 SF

Lot size:

1.33 Acres

Price / SF:

$500/SF

Added:: Apr 8, 2025
Days on Market:: 428
Last Refresh:: May 20 at 8:06 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

We can help!

Listing Contact

Jordan Mulloy

Listing agent Daniel Hoogesteger License #TX 644481

Listing office Sands Investment Group (SIG) | Austin

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

HighLights

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)
Located Next to a Walmart Supercenter, Providing For Outstanding Daily Traffic Counts
Located Directly Off of Highway 289, Which Sees Over 73,000 Vehicles Per Day
Texas is an Income Tax Free State

Overview

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 Location Intelligence

Current Use by Public Records

Applebee's Grill + Bar Restaurant

Suggested Use

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

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For sale
Restaurants
TX
Lubbock
4025 S Loop 289

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)

4025 S Loop 289, Lubbock, TX

NNN leased Applebee's with annual rent increases in Lubbock, TX.

Property Features for 4025 S Loop 289

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Medical Office Building with 2025 Build

Versatile Commercial Space in Lubbock

Highway Frontage Commercial Building

Lubbock Commercial Suites For Sale

Climate-Controlled Warehouse with Offices

Multi-Office Building with Garage

Lubbock Medical Office Opportunity

Flex Warehouse with Office Buildout

Lubbock Commercial Opportunity on Upland

Lubbock Church with Redevelopment Potential

Lubbock Multifamily Investment Package

Five-Unit Apartment Investment

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