This KFC property is located at 1900 West 5th Street in Plainview, Texas. The property is in a densely populated area surrounded by local schools, country clubs, and the County Airport. There are approximately 23,600 people within a three-mile radius of this property and 26,700 within a five-mile radius. This is also a very busy area in which KFC will benefit from excellent traffic counts on West 5th Street and Interstate 27, a major thoroughfare less than two miles from the subject property. These two roads have an average daily traffic count of 17,400 and 11,200 vehicles, respectively.
The subject KFC is situated in a dense retail corridor surrounded by various local and nationally recognized tenants. Major national retailers in the area include: McDonald’s, Taco Bell, Little Caesars, Domino’s, Walmart, IHOP, CVS Pharmacy, Walgreens, and several others. Hotels in the area include Comfort Suites, Super 8, Days Inn, and Holiday Inn Express, each accommodating interstate 27 travelers. Local schools in the area include Plainview High School, College Hill Elementary School and Highland Elementary School, both of which are located within a mile of the subject property. Additionally, Wayland Baptist University is less than a half-mile from the subject property and enrolls over a thousand undergraduate students.
Plainview is a city in and the county seat of Hale County, Texas. Plainview is located 40 miles north of Lubbock, Texas. Lubbock is in the northwestern part of the state. It is the 85th most populous city in the US and the 11th most populous city in Texas. The city is the economic center of the Lubbock Metropolitan Area. Lubbock’s nickname, “Hub City”, derives from it being the economic, education, and health care hub of the multicounty region, north of the Permian Basin and south of the Texas Panhandle, commonly called the South Plains. 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. The 10 largest employers in terms of the number of employees are Texas tech University, Covenant Health System, Lubbock Independent School District, University Medical Center, United Supermarkets, City of Lubbock, Texas Tech University Health Sciences Center, AT&T, Convergys, and Lubbock County. A study conducted by a professor at the Rawls College of Business determined that Texas Tech Students, faculty and staff generate about $1.5 billion, with about $297.5 million from student shopping alone.