5034 50th St | Lubbock, TX 79414
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- LoopNet Team
5034 50th St
Lubbock, TX 79414
Red Lobster · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Average Cap Rate Over Initial Term – 6.78%
- Enormous Density - 17,363 Population (1 mile) | 112,853 Population (3 mile) | 224,672 Population (5 mile)
- Iconic Brand – Red Lobster is the Largest Seafood Restaurant Concept in the World
- 2% Annual Compounded Rent Increases - Far Outpacing Cost of Living and Inflation Increases
- Corporate Guaranteed Lease – 700+ Locations
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,468 SF
Building Class
C
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.58 AC
Parking
118 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
126’ on Slide Road
PROPERTY TAXES
| Parcel Number | R87108 | Improvements Assessment | $1,051,875 |
| Land Assessment | $343,125 | Total Assessment | $1,395,000 |
PROPERTY TAXES
Parcel Number
R87108
Land Assessment
$343,125
Improvements Assessment
$1,051,875
Total Assessment
$1,395,000
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