5111 98th St
Lubbock, TX 79424
Wendy’s · Retail Property For Sale

This Wendy’s property is located at 5111 98th Street in Lubbock, Texas. Lubbock is the 11th-most populous city in Texas and is the county seat of Lubbock County. SURROUNDING RETAIL & POINTS OF INTEREST The subject property is well-positioned in the main retail corridor of a mainly residential area. Major national tenants in the surrounding area include: Dollar General, Walgreens, Sherwin-Williams, CVS Pharmacy, Market Street, Starbucks, Firehouse Subs, Slim Chickens, McDonald’s, Taco Villa, Pizza Hut, Sonic Drive-In, Nothing Bundt Cakes, as well as several others. The subject Wendy’s benefits from being located just under seven-miles from Texas Tech University. Texas Tech University is a public research university with a total enrollment exceeding 29,500 students. University Medical Center, a 431-bed level 1 trauma medical and surgical facility is located within six miles of the subject property. Lubbock Preston Smith International Airport serves approximately 600,000 passengers annually and is located within 15 miles of the subject Wendy’s. TRAFFIC COUNTS & DEMOGRAPHICS This area has strong demographics, with approximately 76,504 people residing within a three-mile radius and 157,335 people within a five-mile radius of the subject property. The Wendy’s benefits from being situated in an affluent suburban community. The average household income within a one-mile radius exceeds $129,400. This Wendy’s benefits from excellent frontage along 98th street which experiences average daily traffic counts of 21,724 vehicles. 98th Street intersects with Slide Road which brings an additional 21,694 vehicles into the immediate area daily. LUBBOCK, TX Lubbock is a city in and the county seat of Lubbock County. With a population of 260,279 in 2019, the city is the 11th-most populous city in Texas and the 81st-most populous in the United States. The city is in the northwestern part of the state, a region known historically and geographically as the Llano Estacado, and ecologically is part of the southern end of the High Plains, lying at the economic center of the Lubbock metropolitan area. Lubbock’s nickname, “Hub City,” derives from it being the economic, educational, and health-care hub of the multi-county region, north of the Permian Basin and south of the Texas Panhandle, commonly called the South Plains. The area is the largest contiguous cotton-cotton growing region in the world. CNNMoney.com selected Lubbock as the 12th-best place to start a small business. CNN mention the city’s traditional business atmosphere: low rent for commercial space, central location, and cooperative city government. Lubbock is home to Texas Tech University, the sixth-largest college in Texas. Lubbock High School has been recognized for three consecutive years by Newsweek as one of the top high schools in the United States, based in part on its IB program. Lubbock is the birthplace of rock and roll legend Buddy Holly, and features a cultural center for him. Located within the Texas High Plains, an eight-million-acre region that produces 80% of the state’s wine grapes. Five wineries, including the most award-winning in Texas (Llana Estacado Winery), are based near Lubbock, providing a significant draw for wine lovers.