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Restaurant

Poliberto's Taco Shop

5052 Frankford Ave, Lubbock, TX 79424

Listing Price: $1,000,000

Cap Rate
7.50%
Tenant Name
Poliberto's Taco Shop
Years Remaining On Lease
7.1
Gross SF
3,217
Guarantor
Corporate Guarantee
Rentable SF
3,217
Price/Gross SF
$310.85
Lease Type
Absolute Net
Rent Per Square Feet
$23.31

Investment Overview

Marcus & Millichap is proud to offer for sale the fee simple absolute NNN Poliberto's Taco Shop in Lubbock, Texas. This site is subject to a brand new 7-year absolute NNN lease that was signed in 2021 and has Poliberto's Taco Shop officially opening for business in January 2022. Poliberto's Taco Shop will soon be operating 8 locations between Lubbock, TX & Arizona: 3 in Lubbock, TX & 5 in Arizona (4 Phoenix - 1 of which opens in Q1 2022 & 1 in Flagstaff). The City of Lubbock, Texas is in the northwestern part of Texas and is home to Texas Tech University which sits just 5-miles northeast of this site. This location of Poliberto's Taco Shop is located at 5052 Frankford Ave, next to Lowe's Home Improvement, Ashley HomeStore, the Bahama Buck's Support Center and in close proximity to auto row. Additionally, this site is strategically positioned in short walking distance to four (4) nationally branded hotels (Hampton Inn, Arbor Inn, Homewood Suites & TownePlace Suites).

Investment Highlights

  • Brand New 7/yr. Corporate Guaranteed Lease | Personally Guaranteed by Owner of Poliberto's Taco Shop LLC
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • New HVAC Units Installed in 2018 | Recently Serviced
  • Poliberto's Taco Shop will have 8 Total Locations by Early Q1 2022 (3 Sites in Lubbock, TX & 5 Sites in Arizona)
  • Priced Below Replacement Cost | Drive-thru Equipped
  • New HVAC Units Installed in 2018 & Recently Serviced | Parking Lot Repaired in 2021
  • Roof Repairs Made in 2021 | New 5/yr. Roof Warranty
  • Only Fast Food Option in Immediate Walking Distance of Four (4) National Branded Hotels

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Restaurant

Poliberto's Taco Shop

Listing Price: $1,000,000

Cap Rate
7.50%
Tenant Name
Poliberto's Taco Shop
Years Remaining On Lease
7.1
Gross SF
3,217
Guarantor
Corporate Guarantee
Rentable SF
3,217
Price/Gross SF
$310.85
Lease Type
Absolute Net
Rent Per Square Feet
$23.31

Investment Highlights

  • Brand New 7/yr. Corporate Guaranteed Lease | Personally Guaranteed by Owner of Poliberto's Taco Shop LLC
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • New HVAC Units Installed in 2018 | Recently Serviced
  • Poliberto's Taco Shop will have 8 Total Locations by Early Q1 2022 (3 Sites in Lubbock, TX & 5 Sites in Arizona)
  • Priced Below Replacement Cost | Drive-thru Equipped
  • New HVAC Units Installed in 2018 & Recently Serviced | Parking Lot Repaired in 2021
  • Roof Repairs Made in 2021 | New 5/yr. Roof Warranty
  • Only Fast Food Option in Immediate Walking Distance of Four (4) National Branded Hotels

Investment Overview

Marcus & Millichap is proud to offer for sale the fee simple absolute NNN Poliberto's Taco Shop in Lubbock, Texas. This site is subject to a brand new 7-year absolute NNN lease that was signed in 2021 and has Poliberto's Taco Shop officially opening for business in January 2022. Poliberto's Taco Shop will soon be operating 8 locations between Lubbock, TX & Arizona: 3 in Lubbock, TX & 5 in Arizona (4 Phoenix - 1 of which opens in Q1 2022 & 1 in Flagstaff). The City of Lubbock, Texas is in the northwestern part of Texas and is home to Texas Tech University which sits just 5-miles northeast of this site. This location of Poliberto's Taco Shop is located at 5052 Frankford Ave, next to Lowe's Home Improvement, Ashley HomeStore, the Bahama Buck's Support Center and in close proximity to auto row. Additionally, this site is strategically positioned in short walking distance to four (4) nationally branded hotels (Hampton Inn, Arbor Inn, Homewood Suites & TownePlace Suites).

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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