Applebee's - Amarillo, TX | 2810 S Soncy Rd
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Applebee's - Amarillo, TX 2810 S Soncy Rd
5,370 SF Retail Building Amarillo, TX 79124 $3,359,610 ($626/SF) 6.50% Cap Rate
Investment Highlights
- 7+ Years Remaining on a Triple Net (NNN) Lease With Zero Landlord Responsibilities
- Strong Guarantee From RMH Franchise Holdings - Currently Operating Over 130 Restaurants Across 14 States
- Outparcel to a Kohl's Anchored Retail Strip Center That Also Includes PetSmart, Old Navy, Ulta Beauty, and OfficeMax
- Annual Rent Increases Providing a Healthy Hedge Against Inflation
- Texas is an Income Tax Free State
- 0.5-Miles From Highway 40, Which Sees Over 81,000 Vehicles Per Day
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 5,370 SF Applebee's Located at 2810 South Soncy Road in Amarillo, TX. This Deal Includes 7+ Years Remaining on a Triple Net (NNN) Lease With Zero Landlord Responsibilities and Annual Rent Increases Providing a Strong Hedge Against Inflation. This Location Features a Guarantee From RMH Franchise Holdings With Over 130 Restaurants Across 14 States. With a High Yield, Rare Annual Increases & Triple Net (NNN) Lease, This Asset Offers an Attractive Opportunity For an Investor.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,370 SF
Building Class
C
Year Built/Renovated
1995/2008
Price
$3,359,610
Price Per SF
$626
Cap Rate
6.50%
NOI
$218,374
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.16 AC
Zoning
PD
Frontage
243 FT on S Soncy Rd
Amenities
- Pylon Sign
- Restaurant
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Applebee’s
- Accommodation and Food Services
- 5,370 SF
- $40.67
- Triple Net
- Dec 2032
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Applebee’s | Accommodation and Food Services | 5,370 SF | $40.67 | Triple Net | Dec 2032 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R-086-1583-1050 | Improvements Assessment | $612,749 |
| Land Assessment | $611,582 | Total Assessment | $1,224,331 |
PROPERTY TAXES
Parcel Number
R-086-1583-1050
Land Assessment
$611,582
Improvements Assessment
$612,749
Total Assessment
$1,224,331
Contacts
-
Jordan Mulloy -
Daniel Hoogesteger -
Max Freedman -
Sands Investment Group Austin, LLC
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Applebee's - Amarillo, TX | 2810 S Soncy Rd
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