2110 Western StAmarillo, TX 79109

Property Details for 2110 Western St

Year built

2023

Lot size

0.44 AC

Property size (Sq ft)

510 SF

Zone code

GR

Property type

Drive through restaurants

APN

R-001-0100-0120

APU

R00101000120

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $111,225

  6.5%

  $102,669

  7%

  $95,335

• Comparable approach

  Method

  Valuation

  Relative Method

  $114,661

  Geo Method

  $154,635

• Alternative Use

  Use

  Valuation

  Residential

  $86,605

  Hospitality

  $79,330

  Educational

  $66,001

  Medical

  $68,271

  Retail

  $102,669

Location Insight

City

Amarillo

County

Potter

State

Texas

Latitude

35.1895

Longitude

-101.884

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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