4950 Loop 289 Lubbock, TX 79414-4725
This 7,042 square foot restaurant is located at 4950 South Loop 289 in Lubbock, Texas, offering high visibility frontage on a major road and situated as an outparcel of a retail center. The property boasts 67 parking spaces and sits adjacent to South Plains Mall, home to nationally recognized tenants such as Chick-fil-A, Barnes & Noble, JCPenny, Dillards (recently expanded to a 220,000 square foot flagship store), and Foot Locker. Lubbock is a rapidly growing market, projected to experience an 8% annual population increase over the next five years, fueled by its status as a college town (5 miles from Texas Tech University with over 41,000 students) and a medical center hub (home to Texas Tech University Health Sciences Center, University Medical Center, and Covenant Medical Center). The property is zoned Auto Urban Commercial and sits on a 0.68-acre lot, providing ample space and excellent access via Slide Road and South Loop 289 Access Road. This location benefits from strong surrounding retail and the consistent traffic generated by the nearby mall and institutions. The property's single-tenant occupancy presents a unique investment opportunity in a thriving Texas market. Lubbock County location, zip code 79414.
-
Hooters Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
38 · Lubbock, TXLubbock. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.