Freestanding QSR For Lease

Retail-Commercial for Lease
Catylist Listing ID: 30336835
Property Subtypes: Restaurant
Contiguous Space: 3,608 SF
Gross Building Area: See Agent
Lease Rate: $26.33 PSF (Annual)
Base Monthly Rent: $7,916
Lease Types: NNN
Last Updated: 9/30/2019

Overview / Comments

Freestanding quick-service restaurant with drive through and stacking lanes for lease. Constructed in 2014. 3,608 sq. ft. Former tenant was a Steak n Shake restaurant and the trade dress has been removed from the building. The FF&E (with an approximate cost of $450,000 when placed in service) will remain for a new tenant or purchaser.

Located on Milwaukee Avenue, immediately west of Canyon West Shopping Center, an 850,000 sq. ft. power center anchored by such retailers as Target, Burlington Coat Factory, Sam's Club, Main Event, DSW, Kirklands, SaltGrass Steakhouse, The Plaza Restaurants, and numerous other retail and food service concepts. Subject property is on the west side of Milwaukee Avenue in a row of freestanding buildings that include Cracker Barrel, Starbucks, Rosa's Mexican Food, and AT&T (corporate store).

Expand All Available Space

Suite: 5012 Milwaukee Avenue 3,608 SF $26.33 PSF (Annual) NNN
Space Available: 3,608 SF
Lease Rate: $26.33 PSF (Annual)
$7,916 (Monthly)
Lease Type: NNN
Space Description: Freestanding quick-service restaurant with drive through and stacking lanes for lease. Constructed in 2014. 3,608 sq. ft. Former tenant was a Steak n Shake restaurant and the trade dress has been removed from the building. The kitchen equipment can remain for a new tenant.
Space Subcategory: Free-Standing Store
Date Available: 1/1/2019
Lease Term: 180 Months
Space Type: Relet

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R323355
Property Visibility: Excellent
Largest Nearby Street: Milwaukee Avenue
Area Description: Located on Milwaukee Avenue, immediately west of Canyon West Shopping Center, an 850,000 sq. ft. power center anchored by such retailers as Target, Burlington Coat Factory, Sam's Club, Main Event, DSW, Kirklands, SaltGrass Steakhouse, The Plaza Restaurants, and numerous other retail and food service concepts. Subject property is on the west side of Milwaukee Avenue in a row of freestanding buildings that include Cracker Barrel, Starbucks, Rosa's Mexican Food, and AT&T (corporate store).
Tenancy: Single Tenant
Total Number of Buildings: 1
Year Built: 2014
Total Parking Spaces: 44
Parking Type: Surface
Parking Description: Approximately 44 parking spaces.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,524 79,210 172,128
Median Age: 26.87 33.36 33.1
Households: 577 33,050 67,656
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