8400 Interstate 40Amarillo, TX 79124

Property Details for 8400 Interstate 40

Year built

2001

Lot size

1.48 AC

Property size (Sq ft)

7,107 SF

Zone code

LC

Property type

Turn key restaurants

APN

R-005-7540-2005

APU

R00575402005

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,482,429

  6.5%

  $1,368,396

  7%

  $1,270,654

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,506,752

  Geo Method

  $2,154,888

• Alternative Use

  Use

  Valuation

  Residential

  $1,154,294

  Hospitality

  $1,057,327

  Educational

  $879,683

  Medical

  $909,937

  Retail

  $1,368,396

Location Insight

City

Amarillo

County

Potter

State

Texas

Latitude

35.188

Longitude

-101.934

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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