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7902 University Ave
Lubbock, TX 79423 Waters

$2,985,000 USD

Fast Food For Sale  •  3,210 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 3,210 SF
  • Lot Size 0.55 AC
  • Building Class B
  • Year Built 1980
  • Cap Rate 6.50 %
  • Tenancy Single
30 Transit Score
60 Walk Score

Highlights

New 20-Year Absolute NNN Lease with One of the Nation's Fastest Growing Chicken Concepts
Brand new 20-year Absolute NNN lease with zero landlord responsibilities
Attractive 1.50% annual rental increases throughout the primary term and renewal options
Subject property represents the brand's milestone 50th location
Largest Layne's Franchisee with Proven Multi-Brand Operating Success
High-Visibility University Corridor Serving Texas Tech University | Strong Demographics
Cap Rate: 6.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Layne's Chicken Fingers 1/23/2036

Amenities

  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Lubbock Preston Smith International 29 min - 16.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 31
Type: Surface
Included in Rent: Yes
Jacob Fahner 858-313-0575 Hanley Investment Group
Jacob Fahner 858-313-0575 Hanley Investment Group