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
