Burger King, Lubbock, TX

1801 4th Street
Lubbock, TX 79457

PROPERTY SOLD

Property: Investment Sales

Price: $2,000,000

Cap Rate: Call

Description:

  • Amaregal, Inc (12-unit franchisee)
    1801 4th Street, located between downtown Lubbock and Texas Tech University
  • 2,277 square feet developed in 2008 on a 0.93-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
  • Leveraged buyer paid $2,000,000 and closed escrow on 1/15/09 with a 25% loan contingency
  • Buyer was a private family trust out of CA completing a 1031 tax deferred exchange

Burger King, Lubbock, TX

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Contact

Tyson Glasser, CCIM
Investment Sales Director
(864) 263-5427 - Main
(404) 435-6312 - Mobile
tglasser@realtylinkdev.com