Burger King, Lubbock, TX

6419 82nd Street
Lubbock, TX 79457

PROPERTY SOLD

Property: Investment Sales

Price: $1,960,000

Cap Rate: Call

Description:

  • Amaregal, Inc. (12-unit franchisee)
    6419 82nd Street, located 10 miles SW of downtown Lubbock and Texas Tech University
  • 2,223 square feet developed in 2008 on a 0.69-acre outparcel to Wal Mart Supercenter
  • Tenant is on a 20-year NNN lease with 10% rent bumps every 5 years and 4, 5-year options
  • All cash buyer paid $1,960,000 and closed escrow on 10/8/08, 22 days after signing contract
  • Buyer was a private family trust out of TX placing excess capital into real estate

Burger King, Lubbock, TX

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Contact

Adam Chandler
Agent
(864) 905-4780 - Mobile
achandler@realtylinkdev.com