Second Generation Beverage /Restaurant For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30535885
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 2,187 SF
Gross Land Area: 22,307 SF
Sale Price: $225,000
Unit Price: $102.88 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/2/2019

Overview / Comments

Second generation beverage/restaurant building located in a high traffic area on a highly visible corner lot of 4th & Frankford. High growth area in North Lubbock. This building sits on a land lease at base rent of $5,410 monthly + $927 Property taxes. Total Land lease monthly amount $6,337.00. Contact agent for more information. Building has a drive thru window and an ATM generating over $800.00 in monthly income.

Neighboring businesses include; Wal-Mart, Sonic, Wendy's, Chick-Fi-A. AutoZone, Gamestop, Sonic, Pizza Hut, Dollar Tree, and many more.
Highlights

Traffic Counts
Corner Lot
Drive Thru
Several new housing additions in the area
High Growth Area
Quick access to Loop 289

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R71423
Parking Ratio: 31 (per 1000 SF)
Parking Type: Surface

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,243 66,329 156,688
Median Age: 26.86 29.8 31.15
Households: 5,571 26,884 61,941

Contact

Photograph of Listing Agent

David Powell, CCIM

The Powell Group at Keller Williams Commercial
West Texas CIE Member
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Lubbock Association of REALTORS┬« nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.