2201 Paramount Blvd - Fast Food FOR SALE


Amarillo, TX 79109
$2,325,000 USD
213-453-1770
2201 Paramount Blvd, Amarillo, TX for Sale
$2,325,000 USD
Fast Food - FOR SALE
1/17
null | 5.76% Cap Rate

2201 Paramount Blvd
Amarillo, TX 79109


HIGHLIGHTS

  • ±2,431 SF building on ±0.7 AC of fee simple land
  • Occupied by national tenant, Popeyes, with 18 years remaining on lease
  • Excellent guaranty by Dhanani Group - the largest Popeyes Franchisee in system, and 2nd largest restaurant operator in America (2022)
  • Great corner lot positioning with drive-thru and ample parking
  • Additional income from double-sided billboard

OVERVIEW

Avison Young is pleased to present the opportunity to acquire the single-tenant Popeyes on fee simple land located at 2201 Paramount Boulevard in Amarillo, Texas. The subject property is located in a popular retail corridor and outparcel to a newly renovated Gold’s Gym. Popeye’s, a National Credit Tenant, has 17.7 years remaining on its Absolute-Net Lease, with 10% increases every five years. In addition, the operator, the Dhanani Group, operates 1,000+ units nationwide including 375 Popeyes. This is an excellent opportunity to acquire a stable investment occupied by a reputable national tenant and operator!

FOR SALE DETAILS

PRICE

$2,325,000 USD

PRICE/SF

$956 USD /SF

CAP RATE

5.76%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeyes

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,098 SF

ZONING

LC

APN/PARCEL ID

R-044-4900-2900-0

ASK ABOUT THIS PROPERTY

David MalingAvison YoungMore Info
213-453-1770

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David MalingAvison YoungMore Info
213-453-1770

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