Freestanding Popeyes
New
For Sale
Contact for pricing
7714 Milwaukee Avenue, Lubbock, TX 79424
A new 20-year NNN lease begins at closing and includes four five-year renewal options.
Property Size2,546 SF
Lot Size0.80 Acres
Price / SF$942.66
Days on Market6
Property Features for 7714 Milwaukee Avenue
General Information
Standard status
Active
Size
2,546 SF
Lot size
0.80 Acres
Property subtype
Retail
Site & Location
Traffic Count
28,049 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
5.5%
Building Details
Year Built
2015
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Jason Fefer · License #CA 02100489
(310) 909-5500
Source:
Crexi
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 2:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
This freestanding Popeyes restaurant was built in 2015 and contains approximately 2,546 square feet on a 0.80-acre site. A new 20-year NNN lease is set to begin at closing, with four five-year renewal options and rent increases of 10% every five years. The tenant plans to fund a full remodel to current Popeyes standards within 36 months after closing. The lease carries a 5.50% cap rate.
The property fronts Milwaukee Avenue near 82nd Street in Southwest Lubbock. It is adjacent to The Hub Shopping Center, Walmart Supercenter, and Canyon West Shopping Center, with access to the Marsha Sharp Freeway. Reported traffic is approximately 28,049 vehicles per day on Milwaukee Avenue and 20,251 on 82nd Street.
The property fronts Milwaukee Avenue near 82nd Street in Southwest Lubbock. It is adjacent to The Hub Shopping Center, Walmart Supercenter, and Canyon West Shopping Center, with access to the Marsha Sharp Freeway. Reported traffic is approximately 28,049 vehicles per day on Milwaukee Avenue and 20,251 on 82nd Street.
Key Highlights
- Freestanding Popeyes restaurant on approximately 0.80 acres
- Approximately 2,546‑square‑foot building constructed in 2015
- New 20‑year NNN lease with four five‑year renewal options
Property Analytics
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Current Use
Lease Details
28,049 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
221k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 60%
Dining 20%
Shops & Services 15%
Electronics 3%
Walmart
Superstores
133,298 visits/mo
0.5 miles
McDonald's
Dining
28,987 visits/mo
0.3 miles
Dollar Tree
Shops & Services
19,559 visits/mo
0.4 miles
Chase Bank
Shops & Services
8,653 visits/mo
0.3 miles
Taco Casa
Dining
6,625 visits/mo
0.5 miles
Demographics for 79424, TX
53,479
Population
22,800
Households
2.3
Avg Household Size
38
Median Age
47%
College-Educated
95%
High-School Grad
41.6 sq mi
ZIP Area
1,286
Density / Sq Mi
$94,703
Median Household Income
$52,417
Median Earnings
$1,151
Median Rent
$279,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - A new 20-year NNN lease begins at closing and includes four five-year renewal options.
Where is this conventional restaurant located?
The property is located at 7714 Milwaukee Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Freestanding Popeyes restaurant on approximately 0.80 acres; Approximately 2,546‑square‑foot building constructed in 2015; New 20‑year NNN lease with four five‑year renewal options
