1711 Marsha Sharp Fwy W
Lubbock, TX
Price:
$2,065,000
Cap Rate:
5.40%
NOI:
$111,500
Building Size:
Approx. 950 Sq. Ft.
Lot Size:
Approx. 0.473 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2023
Investment Overview
- 2023 Construction. 950+/- SF Building on 0.473+/- Acre Site
- Brand New 15-Year Absolute NNN Lease w/ (4) 5-Year Options to Renew & 10% Rental Bumps Every 5 Years, In Primary Term & Options
- Located Off of Marsha Sharp Fwy (35,167+ VPD), the Main Thoroughfare Around Texas Tech University Campus and the Lubbock Area
- Strategically Positioned Less than Half a Mile from Texas Tech University Campus (40,000+ Students Enrolled)
- Located in a Prime Area of Lubbock – 1.5 Miles from University Medical Center, a 500-Bed Teaching Hospital
- Dutch Bros Total Revenue Grew 48.4% to $739.0 Million as Compared to $497.9 Million in 2021
- Lubbock | 10th Most Populous City in Texas | Population: 263,930