5501 Slide Rd Lubbock, TX 79414-4102
Property profile & analytics
5501 Slide Rd Lubbock, TX 79414-4102
- Turn key restaurants
- 6,498 SF
- 1.05 lot acres
Property ID
US82-1134870
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Hawaiian Bros Island Grill / Restaurant
Property Details for 5501 Slide Rd
- Year built
- 1988
- Lot size
- 1.05 lot acres
- Property size
- 6,498 SF
- Zone code
- 38
- Property type
- Turn key restaurants
- APN
- R45654
- APU
- R45654
Description
This exceptional investment opportunity presents the chance to acquire the leased fee interest (land ownership) in a brand-new, 4,000 square foot Hawaiian Bros restaurant in Lubbock, Texas. The property boasts a 15-year absolute NNN lease with five 5-year renewal options, commencing June 30, 2024, and expiring June 30, 2039. The lease includes 10% rental increases every five years, providing built-in protection against inflation and steadily growing net operating income (NOI) currently at $150,000. Situated on a 1.04-acre lot with 53 parking spaces, this property enjoys a prime location at the signalized intersection of Slide Rd and 50th St, benefiting from high visibility and significant daily traffic volume exceeding 66,800 vehicles. Its proximity to major roadways like TX-289 (over 81,900 VPD) and South Plains Mall, along with nearby national retailers such as Walmart, Lowe's, Target, and Sam's Club, ensures strong consumer traffic and tenant synergy. The property is zoned Neighborhood Commercial (NC) and benefits from a strong demographic profile within a 5-mile radius, boasting a population exceeding 240,600 and an average household income of $88,698. The experienced franchisee, Stine Ventures, LLC, has over 40 years of restaurant experience. The asking price is $2,727,000, representing a 5.50% cap rate. This is a truly management-free investment opportunity with significant long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.922
- Latitude
- 33.544
- CBSA code
- 31180
- CBSA name
- LUBBOCK, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$23,475
$273,570
$1,228,343
$1,501,913
-
$273,570
$1,228,343
$1,501,913
