8600 SW 34th Ave - Freestanding FOR SALE
Amarillo, TX 79121 |
$5,416,000 USD
212-430-5293
8600 SW 34th Ave
Amarillo, TX 79121
HIGHLIGHTS
- The tenant has exercised its renewal option, extending the lease term with a 6% increase commencing 9/1/27. This location has been open 30+ years.
- In-place rent is below market for comparable retail space along Soncy Road, a primary commercial corridor in west Amarillo at at $5.62/SF
- Access and visibility at Soncy Road and SW 34th Avenue | 43,666 VPD at pne of Amarillo’s highest-traffic non-interstate intersections
- The property’s roof is under warranty through 4/3/36, providing coverage for a key structural component and limiting near-term capital requirements
- 121,367 residents and 124,205 daytime population within 5 miles supporting retail demand
- Soncy Road provides immediate access to Loop 335, which links west Amarillo to Interstate 27 and Interstate 40.
FOR SALE DETAILS
PRICE
$5,416,000 USD
PRICE/SF
$75 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Soncy Rd
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
4.79 AC
LAND SF
208,652 SF
ZONING
GR
APN/PARCEL ID
R-065-1590-2785-0
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212-430-5293
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212-430-5293
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