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4025 S Loop 289
Lubbock, TX 79423 Kings Park

$2,740,144 USD

Restaurant For Sale  •  5,388 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 5,388 SF
  • Lot Size 1.33 AC
  • Building Class C
  • Year Built 1994
  • Cap Rate 6.85 %
  • Tenancy Single
23 Transit Score
64 Walk Score

Highlights

7+ years remaining on a Triple Net (NNN) Lease with zero landlord responsibilities.
Annual rent increases provide a healthy hedge against inflation.
Strong guarantee from RMH Franchise Holdings, currently operating over 130 restaurants across 14 states.
Texas is an income tax–free state.
Strategically located next to a Walmart Supercenter, providing outstanding daily traffic counts.
Located directly off Highway 289, which sees over 73,000 VPD.
Cap Rate: 6.85 %

Major Tenants

Tenant SF Occupied Lease End Date
Applebee's 5,388 SF 12/31/2032

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage

Public Transportation

AirportDriveWalkDistance
Lubbock Preston Smith International 31 min - 18.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Kevin Blaha 312-448-7458 Sands Investment Group
Kevin Blaha 312-448-7458 Sands Investment Group