Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Key facts

Year Built 1988
Building Area
Land Area ()

Property description

JLL is pleased to offer the fee-simple interest in the Luby’s Texas Sale-Leaseback Portfolio, which consists of 25 hand-selected restaurant locations in the state of Texas (“Portfolio” or “Properties”). Luby’s (“Tenant” or “Company”) benefits from solid business fundamentals supported by its unmatched brand recognition and loyalty, continued operational efficiencies, and strategic positioning at high-traffic locations throughout Texas’ key metros.

Investment highlights

•78,000,000 Purchase Price (flexible bidding structure, see p.21 for details on property sub-pools)

•25 locations totaling 262,186 SF

•15-year absolute net master lease

•Total Annual Rent: Investor to Bid


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•Strong unit-level performance, selected as the top 25 performing stores within the Luby’s portfolio

•Strong real estate fundamentals, with strong visibility - average 79,000 vehicles per day - and accessibility to major interstates

•Large site parcels averaging over 2.0 acres across the portfolio

•The average 5-mile population density for the portfolio is over 243,000 residents with ±65% of the portfolio’s SF coming from locations in Houston, San Antonio, DFW, and Austin

•Five sites feature drive-thru lanes 



Last Updated Date: 27 Jul 2021
Coler Yoakam
Coler Yoakam
Senior Managing Director, Net Lease Platform Leader
Broker Licenses
TX-0592885
Jonathan Geanakos
Jonathan Geanakos
Executive Managing Director, Capital Markets, Global Co-Head/Investor Client Relations

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Last Updated Date: 27 Jul 2021

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