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- LoopNet Team
5052 Frankford Ave
Lubbock, TX 79424
Arby's (Value Add - Short-term Lease) · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Franchisee Guaranteed Lease (20+ Locations in Multiple States)
- Priced Below Replacement Cost
- Store Sales Have Increased Each of the Last 3 Years (Expected to Start Paying % Rent in 2019)
- Near Lowe's and Several Hotels
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
ABOUT 5052 FRANKFORD AVE , LUBBOCK, TX 79424
Marcus & Millichap is proud to offer for sale the absolute NNN franchisee operated (Miracle Restaurant Group – 20+ units) Arby’s restaurant located in Lubbock, Texas. The original 20-year lease was signed in 2002 and expires in November 2022. This lease includes percentage rent escalations with a store sales breakpoint of $800,000 and two 5/yr. options to extend. The city of Lubbock, Texas is in the northwestern part of Texas and is home to Texas Tech University which sits just 5-miles northeast of this site. The Arby’s property is located at 5052 Frankford Ave, next to other national tenants including Lowes and Ashley Home Store along with 4 hotel properties (Hampton Inn, Arbor Inn, Homewood Suites, TownePlace Suites) within immediate proximity to it.
PROPERTY TAXES
| Parcel Number | R309411 | Improvements Assessment | $667,884 |
| Land Assessment | $186,350 | Total Assessment | $854,234 |
PROPERTY TAXES
