Fast Food NNN Asset

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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Big Lots | Lubbock, TX


Sands Investment Group is Pleased to Exclusively Offer For Sale the 30,000 SF Retail NNN Investment Property Located at 3303 98th Street in Lubbock, Texas.

SECURE INVESTMENT WITH VALUE-ADD OPPORTUNITY

  • 8 Years Remaining on the Lease Term With a Nearly 8 Year Operating History at This Location
  • Confidence in Location – Tenant Recently Agreed to Exercise Their Next Option to Extend Early Demonstrating Strong Confidence in This Location For the Long-Term Investment Outlook
  • Attractive Rental Increases of 10% at Each Option Period Provides Hedge Against Inflation
  • Triple Net (NNN) Lease With Minimal Landlord Responsibilities
  • Below Market Lease Rate of $8.75 Per SF Annually Provides Potential Value-Add Opportunity in the Future
  • Low Cost Per Square Foot Compared With Alternative Investment Opportunities- Under $130 Per SF

LOCATED IN AN INCOME TAX FREE STATE

  • Pro Business State With Income Tax Free Status Provides Potential Security Into the Future

INTERNET & PANDEMIC RESISTANT TENANT

  • Big Lots (NYSE: BIG) Operates Over 1,416 Locations in 47 States
  • S&P Credit Rating BB+
  • Tenant Has Continued to Operate & Thrive Throughout the Pandemic With Zero Rent Concessions or Deferrals
  • Recession and Internet Resistant Tenant – Big Lots Stores Provide “Daily Needs” For Consumers Providing Security For Investors

SITUATED ON A STRONG RETAIL CORRIDOR

  • Cross Shopping Synergy and Customer Draw From Adjacent Kohl’s
  • Densely Populated Area With Over 167,000 People Within a 5-Mile Radius
  • Affluent Trade Area With an Average Household Income of Over $103,000 Within a 2-Mile Radius
  • High Traffic Count on the Cross Streets of Indiana Avenue and 98th Street Sees Over 21,700 VPD
  • Nearby Tenants Include: Kohl’s, Dollar General, Pizza Hut, Walmart Neighborhood Market, Target, Wendy’s, CVS Pharmacy, AutoZone, Starbucks, Taco Bell, Chick-fil-A, Dunkin’, T.J. Maxx and More

In Cooperation With Sands Investment Group Austin, LLC – Lic. # 9004706

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