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Lubbock, TX - Pizza Hut

$1,753,000

3001 50th St, Lubbock, TX 79413

Active
Last Updated: 03/28/2025

5

Cap Rate

87,640

NOI

Details:
Cap Rate:    5%
NOI:    $87,640
Building Size:    2,607 sqft
Description:

• 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:
Location
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