For Sale
$3,900,000

12828 I-27Amarillo, TX 79119

8,620 SF NNN Lease, 6.12% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a single-tenant, net-lease warehouse located at 12828 I-27 in Amarillo, Texas. The property boasts 8,620 square feet situated on a 3.22-acre lot, offering excellent accessibility to I-27, Loop 335 E, and Hereford Highway. Built in 2019 and renovated in 2024, the warehouse is currently 100% occupied by H&E Equipment Services, a nationally recognized tenant with over $1 billion in annual revenue and more than 125 locations nationwide. The tenant recently signed a new 10-year NNN lease with options for 3 or 5-year extensions and a 3% annual rent escalation. This provides a secure, long-term income stream with minimal landlord responsibilities. The property's strong financial performance is reflected in its 6.12% cap rate and a net operating income (NOI) of $238,953. The asking price is $3,900,000. Zoning is unrestricted within Amarillo's 5-mile extraterritorial jurisdiction. This is a compelling investment opportunity offering a combination of strong tenant creditworthiness, a long-term lease, and a desirable location.

Highlights

  • NNN lease with minimal landlord responsibilities.
  • National credit tenant, H&E Equipment Services, with over $1B in revenue and 125+ locations.
  • New 10-year NNN lease with three 5-year options and 3% annual rent escalations.
  • Excellent access to I-27, Loop 335 E, and Hereford Hwy.
  • 2019 construction, renovated in 2024 to suit H&E.
  • Located in Amarillo's extraterritorial jurisdiction with no restricted industrial uses.

Property Details for 12828 I-27

Property type
Warehouses, Industrial properties
Square Feet
8,620 SF
Year Built
2019
Buildings
1
Lot Size (sq. ft)
140,263 SF

Location Insight

City
Amarillo
County
Randall
State
Texas
Latitude
35.0771748
Longitude
-101.919013
12828 I-27, Amarillo, Texas

FAQs

What type of property is this?
Warehouse - 8,620 SF NNN Lease, 6.12% Cap Rate
Where is the warehouse located?
The property is located at 12828 I-27 Amarillo, TX.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: NNN lease with minimal landlord responsibilities.; National credit tenant, H&E Equipment Services, with over $1B in revenue and 125+ locations.; New 10-year NNN lease with three 5-year options and 3% annual rent escalations.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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12828 I-27
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