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    4025 Loop 289 S Lubbock, TX 79423

    For Sale
    $2,699,164

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

    Property size:
    5,388 SF
    Lot size:
    1.33 Acres

    Property Features for 4025 Loop 289 S

    General Information

    Size
    5,388 SF
    Lot size
    1.33 Acres

    Source: Sands Investment Group (SIG) | Austin Agent Jordan Mulloy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Applebee's Grill + Bar Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Ashley's Own Eats & Treats

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.899657
    Latitude
    33.52842

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    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 Loop 289 S 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)
    (844) 474-4666
    Request Owner's contact information
    4025 Loop 289 S Lubbock, TX 79423
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    Lubbock, TX 79423
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4025 Loop 289 S Lubbock, TX 79423
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