7102 Quaker AveLubbock, TX 79424

Property Details for 7102 Quaker Ave

Year built

1979

Lot size

0.69 AC

Property size (Sq ft)

2,309 SF

Zone code

38

Property type

Retail properties

Property subtype

Turn key restaurants

APN

R113096

APU

R113096

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $503,564

  6.5%

  $464,828

  7%

  $431,626

• Comparable approach

  Method

  Valuation

  Relative Method

  $519,121

  Geo Method

  $700,104

• Alternative Use

  Use

  Valuation

  Residential

  $392,100

  Hospitality

  $359,162

  Educational

  $298,818

  Medical

  $309,095

  Retail

  $464,828

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5286

Longitude

-101.907

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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