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7902 University Ave
Lubbock, TX 79423
Layne's Chicken Fingers | Lubbock, TX · Retail Property For Sale
Investment Highlights
- New 20-Year Absolute NNN Lease with One of the Nation's Fastest Growing Chicken Concepts
- Attractive 1.50% annual rental increases throughout the primary term and renewal options
- Largest Layne's Franchisee with Proven Multi-Brand Operating Success
- Brand new 20-year Absolute NNN lease with zero landlord responsibilities
- Subject property represents the brand's milestone 50th location
- High-Visibility University Corridor Serving Texas Tech University | Strong Demographics
Executive Summary
20-Year, Absolute NNN Lease | Strong 1.50% Annual Increases | Proven Operator; Largest in Layne’s System | 55-Unit TX & AR Development Agreement | 2026 Complete Restaurant Renovation | Significant Tenant Capital Investment
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,210 SF
Building Class
B
Year Built/Renovated
1980/2026
Price
$4,139,986 CAD
Price Per SF
$1,289.72 CAD
Cap Rate
6.50%
NOI
$269,064 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.55 AC
Parking
31 Spaces (9.66 Spaces per 1,000 SF Leased)
Frontage
109’ on University Ave
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Property Taxes
| Parcel Number | R55176 | Improvements Assessment | $518,960 CAD |
| Land Assessment | $298,341 CAD | Total Assessment | $817,301 CAD |
Property Taxes
Parcel Number
R55176
Land Assessment
$298,341 CAD
Improvements Assessment
$518,960 CAD
Total Assessment
$817,301 CAD
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