For Sale
$1,333,500

2110 Western St Amarillo, TX 79109

High-Yield Net Lease Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a brand-new, 510-square-foot 7 Brew Coffee shop in Amarillo, Texas. Built in 2023, the property sits on a 0.44-acre lot at a high-traffic intersection of S Western Ave and W Interstate Hwy 40 (73,946+ combined vehicles per day), strategically located across from Tascosa High School (2,185 students). The property boasts a 15-year net lease with five 5-year renewal options and 10% rent bumps every five years, ensuring consistent income growth. The current NOI is $80,000, representing a 6.00% cap rate on the $1,333,500 asking price. The tenant, 7 Brew Coffee, is backed by a corporate guarantee, providing significant security. Strong demographics, with average household incomes exceeding $80,000 within 1, 3, and 5-mile radii, further enhance the investment's appeal. This is a rare chance to acquire a high-performing asset in a thriving market, benefiting from 7 Brew's high average unit volume (AUV) exceeding $2.4 million. The property's prime location and long-term lease structure make it an ideal addition to any investment portfolio. The property is 100% occupied.

Highlights

  • 2023-built, 510+/- SF building on a 0.44+/- acre lot.
  • New 15-year ground lease with five 5-year renewal options and 10% rent increases every five years.
  • High-traffic location at S Western Ave & I-40 intersection (73,946+ VPD).
  • Across from Tascosa High School (Amarillo's largest, 2,185 students).
  • Strong demographics: Average household income over $80,000 within 1, 3, and 5-mile radius.
  • 7 Brew Coffee, with an average annual unit volume (AUV) of $2.4M, is the highest performing coffee QSR.

Property Details for 2110 Western St

Property type
Retail properties, Restaurants
Square Feet
510 SF
Year Built
2023
Buildings
1
Lot Size (sq. ft)
19,166 SF

Location Insight

City
Amarillo
County
Potter
State
Texas
Latitude
35.1894277
Longitude
-101.884335

FAQs

What type of property is this?
Retail property - High-Yield Net Lease Investment Opportunity
Where is the retail property located?
The property is located at 2110 Western St Amarillo, TX.
What is the asking price?
The asking price for this property is $1,333,500.
What are key features of this property?
This property features: 2023-built, 510+/- SF building on a 0.44+/- acre lot.; New 15-year ground lease with five 5-year renewal options and 10% rent increases every five years.; High-traffic location at S Western Ave & I-40 intersection (73,946+ VPD).
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 access a private listing?
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2110 Western St
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