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: $37.42 PSF (Annual)
Base Monthly Rent: $11,250
Lease Types: NNN
Last Updated: 1/11/2019

Overview / Comments

Freestanding quick-service restaurant for lease. Current tenant will operate as a Steak n Shake until terms can be arranged with replacement tenant and termination of current tenant's lease can be negotiated. The tenant will remove trade dress from the building and non-branded kitchen equipment can remain for a replacement tenant.

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).

Attachments & Media

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Suite: 5012 Milwaukee Avenue 3,608 SF $37.42 PSF (Annual) NNN
Space Available: 3,608 SF
Lease Rate: $37.42 PSF (Annual)
$11,250 (Monthly)
Lease Type: NNN
Space Description: Freestanding quick-service restaurant for lease. Current tenant will operate as a Steak n Shake until terms can be arranged with replacement tenant and termination of current tenant's lease can be negotiated. The tenant will remove trade dress from the building and non-branded kitchen equipment can remain for a replacement 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

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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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