7735 Marsha Sharp fwy | Lubbock, TX 79424
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7735 Marsha Sharp fwy
Lubbock, TX 79424
IHOP - New 20 Yr ABS NNN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 20-Year Absolute Triple-Net (NNN) Lease with a Top IHOP Franchisee - 118 Location Operator/Guarantor
- Easily Accessible Location with Close Proximity to US 62 (25,418 Cars per Day)
- Location within a 15-Minute Drive of Downtown Lubbock
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
- Part of the Future Covenant Park Development [72-Acre Mixed Use Development]
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,126 SF
Building Class
C
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.01 AC
Zoning
HC - HC Heavy Commercial
Parking
100 Spaces (24.25 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | R353307 | Improvements Assessment | $0 |
| Land Assessment | $222,155 | Total Assessment | $222,155 |
PROPERTY TAXES
Parcel Number
R353307
Land Assessment
$222,155
Improvements Assessment
$0
Total Assessment
$222,155
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