7735 Marsha Sharp FwyLubbock, TX 79424

This exceptional investment opportunity presents a brand-new, 4,126-square-foot IHOP restaurant in Lubbock, Texas, operating under a 20-year absolute triple-net (NNN) lease. The property boasts a strong 5.30% cap rate and a substantial annual net operating income (NOI) of $210,000. Situated on a 1.02-acre lot at 7735 Marsha Sharp Fwy W, this location benefits from high visibility and accessibility, with close proximity to US 62 (25,418 cars per day). The lease includes a 10% rent increase every five years, providing significant long-term growth potential, and features multiple 5-year renewal options. Built in 2024, this single-tenant property is 100% occupied by a top IHOP franchisee with a proven track record (118 locations). The property is part of the future Covenant Park development, a 72-acre mixed-use project. The surrounding area demonstrates strong demographics, with average household incomes exceeding $123,000 within a 3-mile radius. This is a rare opportunity to acquire a high-performing, low-maintenance investment in a thriving Texas market. The asking price is $3,962,000, representing a price per square foot of $960.25. The property is located within a 15-minute drive of downtown Lubbock, a city with an estimated 329,000 residents and a robust economy driven by education, healthcare, oil, and cotton production.