2201 Paramount Blvd Amarillo, TX 79109
High-yield QSR, strong tenant, 18-year lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 2,431 SF fee-simple Popeyes restaurant on a 0.7-acre lot in Amarillo, TX.
- 18 years remaining on a 20-year absolute-net lease with a 10% rent increase every five years.
- Strong tenant, Dhanani Group, operates over 1,000 units nationwide, including 375 Popeyes locations.
- Excellent location in a high-traffic retail corridor with ample parking, drive-thru, and a double-sided billboard.
- 5.50% cap rate, $133,825 NOI, asking price $2,433,000 ($1,100/SF).
Property Details for 2201 Paramount Blvd
- Property type
- Retail properties
- Square Feet
- 2,431 SF
- Year Built/Renovated
- 1978/2024
- Buildings
- 1
- Lot Size (sq. ft)
- 30,492 SF
- Units
- 1
Location Insight
- City
- Amarillo
- County
- Potter
- State
- Texas
- Latitude
- 35.189780448287
- Longitude
- -101.87340187922
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield QSR, strong tenant, 18-year lease.
- Where is the retail property located?
- The property is located at 2201 Paramount Blvd Amarillo, TX.
- What is the asking price?
- The asking price for this property is $2,433,000.
- What are key features of this property?
- This property features: 2,431 SF fee-simple Popeyes restaurant on a 0.7-acre lot in Amarillo, TX.; 18 years remaining on a 20-year absolute-net lease with a 10% rent increase every five years.; Strong tenant, Dhanani Group, operates over 1,000 units nationwide, including 375 Popeyes locations.
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