Price Upon Request
Commercial Property for Sale in South Holland Illinois 60473
South Holland, Illinois
Soft OfferCommercial Property for Sale in Amarillo Texas 79109
2201 Paramount Blvd, Amarillo, Texas 79109
$2,433,000
$1,001 / sq ft 5.5% cap rate Listed Nov 1, 2024
2,431 sqft
Building
2,431 sqft
Lot
1978
Built
1
Stories
1
Units
Class B
Class
About this property
Commercial Property for Sale in Amarillo Texas 79109 is a retail for sale in Amarillo, Texas, listed at $2,433,000. Key details: year built 1978, building size 2,431 sqft, lot size 2,431 sqft, stories 1. Listed by Chris Maling of Avison Young on LoopingCloud and last updated November 1, 2024.
Avison Young is pleased to present the opportunity to acquire the single-tenant Popeyes on fee simple land located at 2201 Paramount Boulevard in Amarillo, Texas. The subject property is located in a popular retail corridor and outparcel to a newly renovated Gold’s Gym. Popeye’s, a National Credit Tenant, has 18 years remaining on its Absolute-Net Lease, with 10% increases every five years. In addition, the operator, the Dhanani Group, operates 1,000+ units nationwide including 375 Popeyes. This is an excellent opportunity to acquire a stable investment occupied by a reputable national tenant and operator!
Key highlights
- Popeyes
- Lease Term 20 years
- Remaining Term 18 years
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1978
- Building Size
- 2,431 sqft
- Lot Size
- 2,431 sqft
- Stories
- 1
- Total Units
- 1
- Building Class
- Class B
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $133,825
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
5.5%
Cap rate
$133,825
Net operating income
$1,001
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $2,433,000 | 5.5% | - | - | - |
Features and amenities
Prominent Tenants
- Popeyes
- Lease Term 20 years
- Remaining Term 18 years
Property Features
- ±2,431 SF building on ±0.7 AC of fee simple land
Highlights
- Excellent guaranty by Dhanani Group - the largest Popeyes Franchisee in system, and 2nd largest restaurant operator in America (2022)
- Great corner lot positioning with drive-thru and ample parking
- Additional income from double-sided billboard Strategically located in a dense retail corridor of Amarillo, with close proximity to synergistic national retailers including Gold’s Gym, Home Depot, Red Lobster, Church’s, Smoothie King, Chick-fil-A, and mu
Location
Address as shown by the lister.
Get directionsAbout this area - Amarillo
- Population
- 46,005
- Housing units
- 21,263
- Land area
- 10.9 sq mi
- County
- Randall
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Frequently asked questions
What is the asking price of Commercial Property for Sale in Amarillo Texas 79109?
Commercial Property for Sale in Amarillo Texas 79109 is listed at $2,433,000. That works out to about $1,001 per square foot. The stated cap rate is 5.5%.
Where is Commercial Property for Sale in Amarillo Texas 79109 located?
The property is in 2201 Paramount Blvd, Amarillo, Texas 79109, Randall County.
What type of property is this?
This is a retail for sale in the commercial category.
How big is the property?
The building is 2,431 sqft. The lot is 2,431 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Chris Maling of Avison Young listed this property. Use the Request Info button to send a message or call +1 (213) 618-3824.
When was this listing published?
It was published on November 1, 2024 and last updated on November 1, 2024.
Listing information
- Listing ID
- CL-Texas-12674
- Published
- Nov 1, 2024
- Last updated
- Nov 1, 2024
- Views
- 303
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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.
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