For Sale
$2,461,538

8720 Frontage RdAmarillo, TX 79124

Brand new Red Robin, 15-year lease, high traffic.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a brand-new, 15-year absolute triple-net (NNN) lease for a Red Robin restaurant located at 8720 IH 40 W Frontage Rd, Amarillo, TX 79124. The lease commenced August 30, 2023, and expires August 31, 2038, with four, five-year renewal options. The property boasts a 6.50% cap rate and a net operating income (NOI) of $160,000. The 6,702 square foot building sits on a 1.67-acre lot and was built in 2006. The lease is corporately guaranteed by Red Robin, offering zero landlord obligations. Rent increases of 10% are built into the lease every five years. This prime location benefits from exceptional visibility and high traffic counts, with over 104,912 vehicles per day on nearby roads. The property is situated in Amarillo's highest-density retail corridor, near Westgate Mall, a major regional shopping center, and numerous national retailers including Target, Home Depot, Sam's Club, Kohl's, and more. This is a rare opportunity to acquire a stable, high-performing investment in a strong retail market. The property offers tax-free income due to its location in Texas. The property is approximately 8 miles from downtown Amarillo.

Highlights

  • New 15-year absolute NNN lease with Red Robin.
  • Zero landlord obligations; corporate guarantee.
  • Texas location offers tax-free income.
  • Prime Amarillo location in highest-density retail corridor.
  • High traffic count: 104,912 VPD on nearby roads.
  • Proximity to Westgate Mall and major national retailers (Target, Home Depot, Sam's Club, Kohl's, etc.).

Property Details for 8720 Frontage Rd

Property type
Retail properties, Restaurants
Square Feet
6,702 SF
Year Built
2006
Lot Size (sq. ft)
72,745 SF

Location Insight

City
Amarillo
County
Potter
State
Texas
Latitude
35.1874501
Longitude
-101.9394343
8720 Frontage Rd, Amarillo, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
8720 Frontage Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message