Historical Retail Sale Listing - Rib Crib in Lubbock, Texas

Retail For Sale

This Retail property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Retail For Sale, Lubbock, TX or Texas

Rib Crib in Lubbock, Texas

8211 Slide Road, Lubbock, TX 79424

N/A

5,251 SF | Retail

  • Print

Rib Crib

Retail Property - Off Market

Price:
N/A
Building Size:
5,251 SF
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Investment
Cap Rate:
8.50%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
2004
Lot Size:
1.20 AC
Listing ID
13879760
Last Updated
over 1 year ago

Highlights

  • Primary Lease Term 20 years Triple Net w/ options
  • Rent escalations of 8% every 5 years
  • Franchised Location

Description

Rib Crib is a barbecue themed casual dining restaurant that delivers award winning barbecue and outstanding customer service. Open 7 days a week for both lunch and dinner, Rib Crib offers a variety of barbecue and side dishes for Dine-in, Carry-out, Drive-through and Catering. Rib Crib, which will have 50 stores by the end of 2004, is perfectly positioned in a rapidly growing segment where there is no dominant regional or national player. Rib Crib is located throughout Oklahoma, Arkansas, Missouri, Kansas, Texas, New Mexico, Ohio and California and is dedicated to expansion through a combination of corporately owned and franchised locations within existing markets.

Ranked 41st among 168 U.S. metropolitan areas on Forbes magazine list of Best Small Places for Business and Careers Lubbock remains the heart of West Texas. Home to an estimated 250,000 people and Texas Tech University (enrol. 33,503), Lubbock is a strong stable market area. Major Employers in the area consist of Covenant Healthcare, Texas Tech University, Cingular, and United Supermarkets.

This store is located in southwest Lubbock, just outside the outer loop at the intersection of Slide Road and 82nd Street. This is a strong growth area with a population of 70,270 within 3-miles and 145,270 within five miles. The site is an outparcel of a retail center anchored by Hastings Music and Drug Emporium. A few of the other retail and restaurants in the immediate market area are McDonald s, Hobby, Lobby, Linens N Things, Johnny Carino s, On The Border, Circuit City, Office Max and Barnes and Noble. For additional information see the attachments.

Map of 8211 Slide Road, Lubbock, TX 79424

Research for 8211 Slide Road, Lubbock, TX 79424 (Lubbock County)

  • Demographics – Population, income & other demographics near 8211 Slide Road
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Similar Listings

8 Photos
Retail Strip Center - I...
Retail Strip Center - I...
  • Lubbock, TX
  • $450,000
  • 4,600 SF GLA
Franchise Restaurant Ch... Franchise Restaurant Ch...
  • Lubbock, TX
  • $225,000
  • 6,300 SF Bldg
3 Photos
5,000 SF Warehouse
5,000 SF Warehouse
  • Lubbock, TX
  • $180,000
  • 5,000 SF Bldg
34th Street Building an... 34th Street Building an...
  • Lubbock, TX
  • $157,000
  • 4,000 SF Bldg
8 Photos
Value is in Land -2acre...
Value is in Land -2acre...
  • Lubbock, TX
  • $550,000
  • 4,000 SF Bldg
7 Photos
American Cleaners
American Cleaners
  • Lubbock, TX
  • $600,000
  • 4,500 SF Bldg
3610 34th Street 3610 34th Street
  • Lubbock, TX
  • $350,000
  • 6,100 SF Bldg