5721 Georgia St - Retail FOR SALE


Amarillo, TX 79110
$2,431,000 USD
929-229-2614
5721 Georgia St, Amarillo, TX for Sale
$2,431,000 USD
Retail - FOR SALE
1/10
null | 5.85% Cap Rate

5721 Georgia St
Amarillo, TX 79110


HIGHLIGHTS

  • New 10 Year Lease | Corporate Guaranty | Scheduled Rent Increases | Options To Extend
  • Rare Self-Maintained Lease | Limited Landlord Responsibilities
  • Dense Retail Corridor | Adjacent to Top-Performing Walmart
  • Signalized Intersection | Proximity to I-27
  • New Construction | Drive-Thru Equipped
  • Direct Residential Consumer Base | Strong Income Profile

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest in a NNN leased Starbucks property located in the high-growth South Amarillo submarket of Amarillo, Texas. Starbucks Corporation (NASDAQ: SBUX), the global coffee leader with 40,000+ locations, recently signed a 10-year lease with a corporate guaranty. The lease includes (4) 5-year renewal options and features a 10% rent increases in year 6 and 7.5% increases during each option, ensuring long-term, inflation-protected income. Additionally, this NNN lease features limited landlord responsibilities and rare self-maintained terms, Starbucks handles all day-to-day maintenance of the common areas, including landscaping, sweeping, and trash removal, making it an exceptional investment for out-of-state buyers seeking a reliable, low-touch investment backed by a blue-chip tenant.

FOR SALE DETAILS

PRICE

$2,431,000 USD

PRICE/SF

$1,203 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | New 10yr Corp NNN w/ Incrs

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

-

APN/PARCEL ID

298919

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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