Shipley Do-Nuts | (University Ave) Lubbock, TX
Sands Investment Group is Pleased to Present For Sale the Fast Food NNN Asset Located in Lubbock, Texas. This Deal Includes a Brand New 20 Year Triple Net (NNN) Sale Leaseback With One of the Fastest Growing Shipley Franchisees in Texas and Zero Landlord Responsibilities, Providing For a Secured Investment.
- Brand New 20 Year Triple Net (NNN) Sale Leaseback With One of the Fastest Growing Shipley Franchisees in Texas
- Priced Below Replacement Cost (Appraised For $2,000,000)
- Annual 1.50% Rental Increases, Offering a Great Hedge Against Inflation
- Strong Growing Franchisee Guarantee: Currently Operate 5 Shipley’s Locations, and Per Their Franchise Agreement, Are Required to Open at Least 25 Stores in the Next 10 Years
- Strong Traffic Counts – University Avenue Sees Over 40,312 Vehicles Per Day
- Dense Affluent Neighborhood With a Population of 183,610 Residents With an Average Household Income of $76,037 Within a 5-Mile Radius
- Texas is an Income Tax Free State
In Cooperation With Sands Investment Group Austin, LLC Lic. #9004706 BoR: Max Freedman Lic. # 644481
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