6807 Milwaukee Ave
Lubbock, TX 79424
Retail Property For Sale

The subject investment property is situated on Milwaukee Avenue, which experiences an average daily traffic count of 20,600 vehicles. Intersecting with Milwaukee Avenue is Texas 327 Spur, which experiences an average daily traffic count of over 26,600 vehicles. There are more than 215,300 individuals residing within a five-mile radius of the property and more than 649,400 individuals within a ten-mile radius. This café is situated in an affluent suburban community with an average household income of over$73,600 within a three-mile radius. This café benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, and academic institutions all within close proximity of this property. Major national tenants within the immediate area include: Walmart, Walgreens, O’Reilly Auto Parts, Wendy’s, McDonald’s, Chick-fil-A, as well as many others. The South Plains Mall, a 1.2 million square foot shopping plaza with over 150 retail stores is located less than three miles to the east. The mall, anchored by JCPenney, Sears, Dillard’s, Beall’s and Barnes & Nobel, is the only regional mall within 120 miles. This Panera Bread benefits from its close proximity to several academic institutions. Most notably, Texas Tech University and Lubbock Christian University, which have a combined total enrollment exceeding 39,000 students and are located less than six miles north of the subject café. University Medical Center, a 431-bed level 1 trauma medical and surgical facility is located within six miles of the subject café. Lubbock Preston Smith International Airport serves approximately 600,000 passengers annually and is located within seven miles of the subject café. Lubbock is the 83rd most populous city in the nation and the 11th most populous city in Texas. The area is the largest contiguous cotton-growing region in the world and is heavily dependent on water drawn from the Ogallala Aquifer for irrigation. Lubbock was selected as the 12th best place to start a small business by CNNMoney.com, as the city’s traditional business atmosphere, low rent for commercial space, central location, and cooperative government were all cited as reasons for the ranking. While Lubbock serves as an economic hub in Texas, the city also offers a variety of cultural events such as the as the annual Independence Day festival and the National Cowboy Symposium and Celebration. Lubbock also has a rich musical history and current day scene. It is home to the West Texas Walk of Fame, as well as classic venues like the Cactus Theater and The Blue Light Live. Lubbock is home to the 17 varsity teams of the Texas Tech University Red Raiders, which compete in the Big 12 Conference. The most popular team is the football team, which has won 11 conference titles and been to 31 bowl games since the programs founding in 1925.