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
- Absolute Triple Net (NNN) Lease – Over 17 Years Remaining on a Corporately Guaranteed Lease with No Landlord Responsibilities
- Excellent Demographics – Population of over 228,000 Residents within a 5-Mile Radius, Making an Average Income of $75,022
- College Town – Property Located 5-Miles from Texas Tech University Which is Home to over 41,000 Students and Offers 12 Academic Colleges
- Attractive Rent Increases – Lease Provides 2% Rent Increases
- Rapidly Growing Market – As one of Texas’ most Steadily Growing Markets, Lubbock is Projected to see an 8% Increase in Population Growth
- Surrounding MSAs – Dallas/Fort Worth, the Fourth-Largest Geographical MSA in the United States
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,000 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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