www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32468716
32468715

114th St & Slide Rd, Lubbock, TX 79424 For Sale

TA
TX 617806
SHOP Companies Dallas
WL
OK OK 156466
SHOP Companies
SHOP Companies
Listed by SHOP Companies Dallas, SHOP Companies
$2,687,000
68 days on market
Updated 26 days ago

Sticky Chikky - Lubbock, TX

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,345
Cap Rate 6.7%
NOI $180,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chick-fil-A, Popeyes (+4)
Lease Type Absolute NNN
Lease Term 15
Rent Bumps Yes
Lease Options Six (6), 5-Year Options
Price per SqFt $1,146
Year Built 2026
Acreage 0.620
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

15-Year Absolute NNN Lease

Marketing description

SHOP Companies is pleased to offer a newly constructed (2026), absolute-NNN, corporate-leased, single-tenant drive-thru asset occupied by Sticky Chikky, a fast-growing quick-service chicken concept headquartered in Amarillo, Texas. The Property is located at the signalized intersection of 114th Street and Slide Road within the 114.Slide mixed-use development in southwest Lubbock, one of the city's most active commercial corridors. The 15-year lease is anticipated to commence July 2026, is guaranteed by SC OpCo LLC (d.b.a. Sticky Chikky), and features 10% rent escalations every five years through the primary term.

The Property fronts Slide Road, a Texas state highway carrying 35K+ VPD with connectivity to Loop 289 and Loop 88. The 114.Slide development encompasses 70,000+ SF of retail, restaurant, and office space with 600 parking spaces and EV charging. Immediately adjacent is the new UMC Health and Wellness Hospital, a full-service facility with an Emergency Center, inpatient beds, Cancer Center Infusion, Cardiac Rehab, Operating Rooms, Advanced Radiology, and a Drive-Thru Pharmacy. A United Supermarket shadow-anchors the intersection, and the broader corridor features an established national retail lineup.

The Property sits four miles from Texas Tech University, which set an enrollment record of 42,455 students in fall 2025, its third consecutive record year, within a TTU System of 65,912 total students generating a $19.2 billion statewide economic impact. TTU is Lubbock's largest employer with 21,000 faculty and staff. Covenant Health (5,000+ employees, 975+ beds, 20 clinics) and UMC Health System round out the institutional employment base. Recent industrial announcements, Leprino Foods ($1B, 600 jobs) and Plant Ag Systems ($674M, 936 jobs), reflect meaningful economic diversification. Lubbock serves a regional trade area of 650,000 with projected population growth of 4.6% over five years.

Sticky Chikky features never-frozen, daily-prepared baked chicken paired with proprietary sticky rice and Mama Jean's Sweet Tea, a simple, health-forward menu engineered for drive-thru speed and franchisee execution. The brand’s flagship Amarillo location recently achieved a record single-day sales volume and continues refining operations through menu and efficiency enhancements. Lubbock is the brand's first out-of-market expansion; future sites are planned in Midland, Odessa, Wichita Falls, Abilene, and Oklahoma City.

Investment highlights

  • Newly Constructed, 15-Year Absolute NNN Lease: Newly constructed 15-year absolute NNN corporate lease with zero landlord responsibilities and 10% rent escalations every five years throughout the base term.

  • Experienced Management Team with Proven Multi-Unit Scale: Operated by OldTown Capital, whose principals were critical in helping scale HTeaO from a single Amarillo location to 160+ locations nationwide and coordinated nearly $500 million in franchise real estate transactions.

  • Higher Margin Operations Due to Supply Chain Ownership: The corporate entity owns the in-house supply distribution company that services both locations, helping increase margins by keeping those costs internal.

  • Premier Location Within 114.Slide Mixed-Use Development: Signalized intersection of 114th Street and Slide Road within southwest Lubbock's most sought-after retail corridor. 114.Slide is a 70,000+ SF development with 600 parking spaces and EV charging infrastructure.

  • Texas Tech University — 42,455 Students, Record Enrollment: The property sites four miles from campus. The TTU System's 65,912 total students and 21,000 faculty and staff represent a dense, durable consumer base for value-oriented quick-service dining. Fall 2025 marked TTU's third consecutive enrollment record.

  • $19.2 Billion Economic Anchor: The TTU System generates $19.2 billion in annual statewide economic impact.

  • Shadow-Anchored by United Supermarket: Direct shadow of a United Supermarket at the intersection, providing high-frequency, grocery-driven traffic that extends naturally to adjacent drive-thru users.

  • Adjacent to New UMC Health and Wellness Hospital: Full-service hospital at 11011 Slide Road (Emergency Center, inpatient beds, Cancer Center Infusion, Cardiac Rehab, OR, Advanced Radiology, Drive-Thru Pharmacy) generating daily employee and patient traffic to the immediate corridor.

  • Efficient Drive-Thru Prototype: ±2,300 SF drive-thru format designed for operational simplicity and scalable operational execution.

Listing Contacts

TA
TX 617806
SHOP Companies Dallas
WL
OK OK 156466
SHOP Companies
SHOP Companies
Listed by SHOP Companies Dallas, SHOP Companies

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,000.00
$15,000.00/mo

Valuation Metrics

0
DSCR
6.7%
Cap Rate
6.7%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591