5802 Acc Rd Lubbock, TX 79424
- Retail properties
- 6,648 SF
- 1.65 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5802 Acc Rd
- Year built
- 1997
- Lot size
- 1.65 lot acres
- Property size
- 6,648 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a 6,648-square-foot retail property located at 5802 W Loop 289 Acc Rd, Lubbock, TX 79424. The property, built in 1997 and situated on a 1.65-acre lot, is currently leased under a single-tenant, absolute triple-net (NNN) lease to Joe's Crab Shack. The lease commenced March 15, 2007, and has been recently extended, expiring March 30, 2030, providing a remaining lease term of approximately eight years. This offers investors a secure, long-term income stream with zero landlord responsibilities. The property boasts a strong 5.00% capitalization rate. Its strategic location at the intersection of major highways (Hwy 289, Hwy 62, and Hwy 327) in southwest Lubbock provides excellent visibility and accessibility. The property benefits from its proximity to South Plains Mall, home to numerous national retailers, and several car dealerships, ensuring high foot traffic. Lubbock's robust economy, fueled by Texas Tech University's nearly 40,000 students (just seven minutes away), and its status as Texas's 11th most populous city, further enhances the property's investment potential. This is a rare opportunity to acquire a well-located, stable, and highly profitable retail investment in a thriving Texas market. The tenant's recent lease extension underscores their commitment to this prime location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.936
- Latitude
- 33.542
