For Sale
$3,263,335

8400 Interstate 40Amarillo, TX 79124

High-traffic location, strong tenant. Excellent investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 7,279 square foot Chuy's restaurant located at 8400 W Interstate 40 in Amarillo, Texas, Potter County, zip code 79124. The property sits on a 1.48-acre lot and benefits from its prime location on a heavily trafficked Interstate 40 pad site, providing excellent highway exit accessibility. The building, constructed in 2001 and renovated in 2019, is currently 100% occupied under a single-tenant, absolute NNN lease with Chuy's (acquired by Darden Restaurants in 2024). The lease commenced December 1, 2019, and has a remaining term of 5.1 years, expiring December 30, 2029. The lease includes 10% rent bumps every five years. The property offers a strong net operating income (NOI) of $195,800, resulting in a 6.00% cap rate. The asking price is $3,263,335. Amarillo, the largest city in the Texas Panhandle, boasts a population exceeding 200,000, ensuring a robust customer base for this established restaurant. This is a rare opportunity to acquire a well-performing, net-leased property with a strong tenant and significant remaining lease term in a prime location.

Highlights

  • Chuy's Tex-Mex Restaurant (Darden Restaurants) in Amarillo, TX.
  • Absolute NNN lease with 5+ years remaining.
  • Prime Interstate 40 pad site with excellent highway visibility and accessibility; 56,000+ VPD.
  • 1.48-acre parcel.
  • Darden Restaurants (NYSE: DRI), a $20B+ market cap company, acquired Chuy's in 2024.
  • Amarillo, TX, population over 200,000.

Property Details for 8400 Interstate 40

Property type
Retail properties, Restaurants
Square Feet
7,279 SF
Year Built/Renovated
2001/2019
Buildings
1
Lot Size (sq. ft)
64,469 SF
Units
1

Location Insight

City
Amarillo
County
Potter
State
Texas
Latitude
35.2552151
Longitude
-101.9576317
8400 Interstate 40, 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].
8400 Interstate 40
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