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Lubbock, TX - Pizza Hut

$1,638,000

3001 50th St, Lubbock, TX 79413

Active
Last Updated: 06/18/2026

5.85

Cap Rate

96,404

NOI

Details:
Cap Rate:    5.85%
NOI:    $96,404
Building Size:    2,607 sqft
Lot Area:    1 acres
Occupancy:    100%
Year Built:    2006
Zoning:    Auto-Urban Commercial (AC)
Year Last Renovated:    2015
Description:

• The tenant recently extended its lease for an additional 6 years
• The site is located at the hard corner, signalized intersection of 50th Street and Elgin Avenue, which combine to average over 62,100 vehicles passing by daily
• The asset is equipped with a drive-thru

• The subject property is located in close proximity to Monterey High School, which has a student population of over 2,100
• The asset is adjacent to Caprock Shopping Center, a Home Depot anchored center with other national/credit tenants including Ross, Dollar Tree, Club4 Fitness, and AT&T
• The Pizza Hut is approximately 2 miles from Texas Tech University, which has over 37,300 students
• Strong tenant synergy promotes crossover shopping to the subject property

Map:
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