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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

PROPERTY TAXES

Parcel Number
R87108
Land Assessment
$343,125
Improvements Assessment
$1,051,875
Total Assessment
$1,395,000
  • Listing ID: 21896660

  • Date on Market: 1/5/2021

  • Last Updated:

  • Address: 5034 50th St, Lubbock, TX 79414

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