8720 Frontage RdAmarillo, TX 79124

Property Details for 8720 Frontage Rd

Year built

2006

Lot size

1.67 AC

Property size (Sq ft)

6,702 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

Amarillo

County

Potter

State

Texas

Latitude

35.1875

Longitude

-101.939

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