This property is Off-Market

8211 Slide Road
Lubbock, TX 79424 ·

5,251 SF · Retail For Sale

N/A

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Rib Crib in Lubbock, Texas

Price N/A Occupancy 100%
Building Size 5,251 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Restaurant Year Built 2004
Property Use Type Investment Lot Size 1.20 AC
Cap Rate 8.50%
Listing ID: 13879760 Date Created: 03/16/2004 Last Updated: 08/27/2004

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.

Highlights

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

Research

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

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