Tenant: Joe’s Crab Shack | Lubbock, TX
Premises: 6,648 SF
Renewal Options: None
Lease Expiration: 3/31/2030
Lease Type: Absolute NNN
Rental Increases: April 2027 - Rent Goes to $216,480
Sands Investment Group is Pleased to Exclusively Offer For Sale a 6,648 SF Joe’s Crab Shack Absolute NNN Restaurant Asset Property Located at 5802 W Loop 289 South in Lubbock, Texas. This Opportunity Includes Absolute Triple Net (NNN) With Zero Landlord Responsibilities and Strong Franchise Guarantee, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Austin, LLC Lic. #9004706
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
Joe’s Crab Shack offers a variety of favorites from all parts of the sea and shore. From its extensive menu, guests can choose from buckets of seasonal seafood, fried shrimp platters, and fish dishes, as well as options from the “mainland” that include steak, sandwiches, and chicken. Guests can indulge in over-sized and creative cocktails, such as the Shark Bite which is playfully garnished with a shark toy. Since its inception, Joe’s popularity has stemmed not only from its menu but also from its retail store. With various pieces of merchandise for purchase, including the ever-popular tie-dye T-shirt with the phrase “Peace, Love and Crabs,” Joe’s has become synonymous with the word “fun.“
Joe’s Crab Shack opened its first location in Houston, Texas in 1991. Joe’s Crab Shack started in Houston, Texas as the “hippest” little seafood restaurant in town. Our beach-side shack theme attracted tons of people from the start. People heard that Joe’s was a place that they could kick back, strap on a bib, and enjoy awesome crabs and seafood while sitting at picnic tables with the music playing. Today, Joe’s is known as a place for cracking crabs and having gun on any occasion. Joe’s Crab Shack is owned and operated by Landry’s, Inc. The chain operates 46 locations in 18 states.
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