1600 Ross St - Fast Food FOR SALE


Amarillo, TX 79102
$1,858,500 USD
972-616-4720
1600 Ross St, Amarillo, TX for Sale
$1,858,500 USD
Fast Food - FOR SALE
1/5
null | 5.3% Cap Rate

1600 Ross St
Amarillo, TX 79102


HIGHLIGHTS

  • 15-YEAR ABSOLUTE NNN LEASE
  • ATTRACTIVE RENT INCREASES
  • NEW CONSTRUCTION DRIVE-THRU
  • RETAIL AND HOSPITALITY NODE

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,858,500 USD

PRICE/SF

$1,956 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bro's Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

GR

APN/PARCEL ID

R-048-0400-8969-0

ASK ABOUT THIS PROPERTY

Christopher AdamsNorthmarqMore Info
972-616-4720

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Christopher AdamsNorthmarqMore Info
972-616-4720

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.