Burger King 7006 University Ave

Investment Highlights

Absolute Net Ground Lease | 4.7 Years Remaining | 2, 5-Year Options | Substantially Below Market Rents Traffic Counts of 82,000+ VPD on TX Loop 289 | Toot'n Totum Convenience Store Opening Soon Situated on Signalized Hard Corner of University Avenue and Texas Loop 289 Frontage Road Surrounded by National Retailers such as Target, McDonalds, Chick-fil-a, Walgreens and numerous others

Executive Summary

TREK Investment Group is pleased to offer for sale Burger King in Lubbock, Texas. Burger King offers an investor a rare opportunity to acquire an exceptional value-add property featuring substantial upside as the current rent is significantly below market. With only +4 years remaining on the Absolute Net Ground Lease with the long-term tenant, an investor will promptly capitalize on the upside as each of the two, 5-year options are at market rent. Burger King is strategically located on a signalized hard corner of University Avenue and Texas 289 Loop Frontage Road, boasting traffic counts just shy of 82,000 vehicles per day on Loop 289 which serves as the main traffic loop around the city. In addition, a Toot?n Totum convenience store and gas station is now open which will generate additional significant traffic flow onto the property. The subject property is situated within a dense and growing neighborhood with an average household income exceeding $90,600 while also being surrounded by an array of well-known national retailers such as Target, McDonalds, Dairy Queen, Dunkin?, Chick-fil-a, Walgreens and numerous others.

• Sale Type    Investment
• Sale Condition    Ground Lease (Leasehold)
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    2,665
• Building Class    B
• Year Built/Renovated    1983/2019
• Price    1,035,000
• Price Per SF    388
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.14
• Land Acres    0.43 AC

• Freeway Visibility
• Pylon Sign
• Signage
• Drive Thru