7715 Milwaukee Ave | Lubbock, TX 79424
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- LoopNet Team
7715 Milwaukee Ave
Lubbock, TX 79424
Chipotle | Lubbock, TX · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 20-year absolute NNN lease
- Strong corporate guarantee from an investment-grade national tenant (NYSE: “CMG”)
- High-quality 2023 construction featuring the latest Chipotle prototype with a dedicated "Chipotlane" drive-thru
- 10% rental increases every five years in initial term and option periods
- No landlord management, ideal for passive investors
- Seven miles from Texas Tech University (42,000+ students and faculty, $2.8 billion annual economic impact in Texas)
PROPERTY FACTS
Property Type
Building Size
2,325 SF
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.80 AC
PROPERTY TAXES
| Parcel Number | R318253 | Improvements Assessment | $508,701 |
| Land Assessment | $313,470 | Total Assessment | $822,171 |
PROPERTY TAXES
Parcel Number
R318253
Land Assessment
$313,470
Improvements Assessment
$508,701
Total Assessment
$822,171
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