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Pizza Hut | Near TX Tech Univ | DrThru 3001 50th St 2,607 SF Retail Building Lubbock, TX 79413 $1,638,000 ($628.31/SF) 5.89% Cap Rate
Investment Highlights
- Hard Corner Intersection | Strong Traffic Counts
- Monterey High School | Caprock Shopping Center | Texas Tech University (37,300 Students)
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
Single Tenant NN Investment Opportunity
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,607 SF
Building Class
C
Year Built
2006
Price
$1,638,000
Price Per SF
$628.31
Cap Rate
5.89%
NOI
$96,404
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.83 AC
Zoning
AC - Auto-Urban Commercial
Parking
23 Spaces (8.82 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Pizza Hut began in 1958, when two brothers borrowed money from their mother to open a pizza place in Wichita, Kansas. The business grew from that single restaurant into a franchised brand with a broad menu centered on pizza, pasta, chicken wings, breadsticks, desserts, and delivery or carryout service. Pizza Hut later became part of Yum! Brands and continues to operate as a global restaurant system with a large franchise network across many markets. The company has also built a history around menu and service milestones, including early online ordering and signature products such as Stuffed Crust and Pan pizza.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R310090 | Improvements Assessment | $488,725 |
| Land Assessment | $181,275 | Total Assessment | $670,000 |
Property Taxes
Parcel Number
R310090
Land Assessment
$181,275
Improvements Assessment
$488,725
Total Assessment
$670,000
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Matterport 3D Exterior
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