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- LoopNet Team
3350 S Soncy Rd
Amarillo, TX 79124
Forum at Soncy · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 10.48% cash-on-cash return
- 64,914 SF retail center | Currently 100% occupied | NNN lease structure | 75% corporate leases | scheduled rent increases
- Adjacent tenancy: Shoe Carnival, Bed Bath and Beyond, Old Navy, Kohl's, Home Depot, Ross, OfficeMax
- High-end retail investment opportunity in premier West Texas trade area | Highly affluent area
- 4.073% fixed rate, non-recourse, assumable debt, with low 0.25% assumption fee
- Fully leased 6,977 SF pad building available per separate offering
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
ABOUT 3350 S SONCY RD , AMARILLO, TX 79124
The Property is located at the signalized intersection of 34th Street and Soncy Avenue, a highly trafficked retail trade area that benefits from the high average household income within a 1-mile radius. Notable retailers adjacent to the property include Starbucks, Bed Bath & Beyond, Ross, Old Navy, and Kohl’s. The Forum at Soncy provides an incoming investor with the opportunity to acquire a prominent retail center located within Amarillo’s premier retail corridor. Fee-simple interest in the property is being offered with highly attractive, sub-market, non-recourse, long-term, fixed-rate debt, allowing an incoming investor to take advantage of financing terms currently unavailable in the debt market.
PROPERTY TAXES
| Parcel Number | R-073-0580-0170-0 | Improvements Assessment | $6,766,635 |
| Land Assessment | $1,933,411 | Total Assessment | $8,700,046 |
PROPERTY TAXES
