Property summary
This exceptional sublease opportunity presents a 2,300-square-foot quick-service restaurant (QSR) building with a drive-thru, ideally situated on a hard corner lot at 7102 Quaker Ave, Lubbock, TX 79424. The property boasts a prominent location at the intersection of Quaker Ave and 71st St, just one block south of the high-traffic Loop 289. This prime location benefits from excellent visibility and accessibility, with Quaker Ave seeing nearly 50,000 vehicles daily, and Loop 289 carrying over 80,000 vehicles per day. The building sits within a thriving retail corridor featuring big-box retailers, multiple QSRs, medical and professional offices, and well-established residential areas. The 29,951-square-foot lot provides ample space, including 40 parking spots, to accommodate customers. The building is served by city power and is zoned NC - Neighborhood Commercial. The existing lease includes a compelling incentive: a 10% percentage rent clause kicks in if monthly gross sales exceed $68,000. This turnkey QSR opportunity is ready for immediate occupancy, offering a significant advantage for a fast-food operator seeking a high-traffic location in a rapidly growing area of Lubbock. The entire 2,300 square feet is currently vacant.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant Take-out & Catering
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
38 · Lubbock, TXZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for 38 in Lubbock, TX.
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