2810 S Soncy Rd - Restaurant FOR SALE


Amarillo, TX 79124
$3,359,610 USD
512-768-0380
2810 S Soncy Rd, Amarillo, TX for Sale
$3,359,610 USD
Restaurant - FOR SALE
1/5
null | 6.5% Cap Rate

2810 S Soncy Rd
Amarillo, TX 79124


HIGHLIGHTS

  • 7+ Years Remaining on a Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • Annual Rent Increases Providing a Healthy Hedge Against Inflation
  • Strong Guarantee From RMH Franchise Holdings - Currently Operating Over 130 Restaurants Across 14 States
  • Texas is an Income Tax Free State
  • Outparcel to a Kohl's Anchored Retail Strip Center That Also Includes PetSmart, Old Navy, Ulta Beauty, and OfficeMax
  • 0.5-Miles From Highway 40, Which Sees Over 81,000 Vehicles Per Day

OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,359,610 USD

PRICE/SF

$615 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebee's - Amarillo, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

PD

APN/PARCEL ID

R-086-1583-1050

ASK ABOUT THIS PROPERTY

Jordan MulloySands Investment Group Austin, LLCMore Info
512-768-0380

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Jordan MulloySands Investment Group Austin, LLCMore Info
512-768-0380

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