2505 82nd St | Lubbock, TX 79423
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2505 82nd St
Lubbock, TX 79423
POPEYES | 20YR NNN LEASE | LARGEST FRANCHISEE · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Triple Net (NNN) Lease with 10% Rental Increases Every Five (5) Years to Commence at Closing
- Successful Store with Strong Operating History | 8% Rent-to-Sales Ratio
- Strategically Positioned on the Signalized Corner Location of 82nd St & University Ave
- The Site is Operated by the Largest Popeye's Franchisee
- Tenant Operates 1,000+ Units Including 375 Popeyes, 506 Burger King, 105 Dunkin Donuts, and 42 La Madeleines
- Located Just 10 Minutes from Texas Tech University (Enrollment of 40,322+ Students)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,000 SF
Building Class
B
Year Built
2002
Tenancy
Single
Building Height
1 Story
Lot Size
60.00 AC
Parking
20 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
114’ on 82nd St
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | R159815 | Improvements Assessment | $377,351 |
| Land Assessment | $233,649 | Total Assessment | $611,000 |
PROPERTY TAXES
Parcel Number
R159815
Land Assessment
$233,649
Improvements Assessment
$377,351
Total Assessment
$611,000
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