4950 S Loop 289 | Lubbock, TX 79414
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- LoopNet Team
4950 S Loop 289
Lubbock, TX 79414
Hooters · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute Triple Net (NNN) Lease With Over 7 Years Remaining on a Corporate Guaranteed Lease
- Tenant Fully Remodelled This Store in 2015 Showing Commitment to This Location
- Excellent Demographics With a Population of Over 109,777 Residents Making an Average Household Income of $77,022 Within a 3-Mile Radius
- 10% Rent Increases Every 5 Years; Next Increase Coming in Under 3 Years
- Adjacent to the South Plains Mall That Include National Tenants Like: Foot Locker, Barnes & Noble, Sephora, JCPenney and Chick-fil-A
- Strong Store Sales Reported; Please Contact Broker For More Information
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
7,042 SF
Building Class
C
Year Built
1980
Tenancy
Single
Building Height
2 Stories
Building FAR
0.24
Lot Size
0.68 AC
Zoning
AC - Auto Urban Commercial (AC)
Parking
67 Spaces (9.51 Spaces per 1,000 SF Leased)
Frontage
278’ on Tx-289-loop Hwy
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | R119147 | Improvements Assessment | $1,404,112 |
| Land Assessment | $223,538 | Total Assessment | $1,627,650 |
PROPERTY TAXES
Parcel Number
R119147
Land Assessment
$223,538
Improvements Assessment
$1,404,112
Total Assessment
$1,627,650
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