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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

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)
More about this property
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