Freestanding QSR For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30383487
Property Subtypes: Restaurant
Building Size (RSF): 3,608 SF
Gross Land Area: 0.98 Acres
Sale Price: $2,500,000
Unit Price: $692.90 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/14/2019

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 FFE (with an approximately 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).

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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