1600 Ross St | Amarillo, TX 79102
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1600 Ross St
Amarillo, TX 79102
Dutch Bro's Coffee · Retail Property For Sale
Investment Highlights
- 15-YEAR ABSOLUTE NNN LEASE
- NEW CONSTRUCTION DRIVE-THRU
- ATTRACTIVE RENT INCREASES
- RETAIL AND HOSPITALITY NODE
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Dutch Bros Coffee asset located at 1600 Ross St in Amarillo, TX (the “Property”). The Property is a new double drive-thru, featuring exceptional access and visibility to Interstate 40 (77,000 CPD), the primary arterial in the economic hub of the high plains Texas panhandle. The location along Ross St sees 15,000 cars per day. The location neighbors dozens of national tenants including McDonald's, Sam's Club, KFC, IHOP, Schlotzsky's, Discount Tire, Marriott, Best Western, Wyndham, and Comfort Inn.
Dutch Bros Coffee is operating under an Absolute NNN lease. The fifteen year lease features 10% rental increases every five years during the base lease term and at the beginning of each of the three, five year renewal option periods. The initial lease term remaining is 13 years and will see its first 10% rent bump in three years.
Dutch Bros Coffee is operating under an Absolute NNN lease. The fifteen year lease features 10% rental increases every five years during the base lease term and at the beginning of each of the three, five year renewal option periods. The initial lease term remaining is 13 years and will see its first 10% rent bump in three years.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
950 SF
Building Class
B
Year Built
2022
Price
$1,858,500
Price Per SF
$1,956
Cap Rate
5.30%
NOI
$98,501
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.86 AC
Opportunity Zone
Yes
Zoning
GR - Fast Food / Restaurant
Parking
13 Spaces (13.68 Spaces per 1,000 SF Leased)
Frontage
127 FT on Ross Street
PROPERTY TAXES
| Parcel Number | R-048-0400-8969-0 | Improvements Assessment | $194,350 |
| Land Assessment | $187,500 | Total Assessment | $381,850 |
PROPERTY TAXES
Parcel Number
R-048-0400-8969-0
Land Assessment
$187,500
Improvements Assessment
$194,350
Total Assessment
$381,850
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