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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

Property Type
Retail
Property Subtype
Fast Food
Building Size
3,218 SF
Building Class
C
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.71 AC
Parking
30 Spaces (9.32 Spaces per 1,000 SF Leased)
Frontage
144’ on Frankford Ave

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

PROPERTY TAXES

Parcel Number
R309411
Land Assessment
$186,350
Improvements Assessment
$667,884
Total Assessment
$854,234
  • Listing ID: 15578071

  • Date on Market: 3/29/2019

  • Last Updated:

  • Address: 5052 Frankford Ave, Lubbock, TX 79424

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