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Soncy Market Strip Center 3562 S Soncy Rd 22,329 SF 91% Leased Retail Building Amarillo, TX 79119 $7,993,262 ($357.98/SF) 6.50% Cap Rate
Investment Highlights
- 91% Occupied
Executive Summary
The Investment Sales team at Venture Commercial has exclusively listed the Soncy Market Strip Center in Amarillo, Texas.
· United Supermarkets shadow-anchored strip center with a quality tenant mix comprised of Torchy’s Tacos, Crumbl Cookies, Palm Beach Tan, Waxing the City, Palio’s Pizza Café, Locker Room Haircuts and more
· Located along Soncy Road which serves as a dominant regional retail corridor for the Amarillo Market and carries 31,500 VPD
· Strong demos with more than 53,000 people within a three-mile radius with average household incomes in excess of $126,000
· Tenant mix is comprised of internet-resistant and service-oriented businesses with average rents of $24.50 PSF within the center
· Surrounding retailers include Sam’s Club, Target, Best Buy, The Home Depot, Ulta, Academy Sports + Outdoors, Starbucks, Panera, McDonald’s, etc.
· United Supermarkets shadow-anchored strip center with a quality tenant mix comprised of Torchy’s Tacos, Crumbl Cookies, Palm Beach Tan, Waxing the City, Palio’s Pizza Café, Locker Room Haircuts and more
· Located along Soncy Road which serves as a dominant regional retail corridor for the Amarillo Market and carries 31,500 VPD
· Strong demos with more than 53,000 people within a three-mile radius with average household incomes in excess of $126,000
· Tenant mix is comprised of internet-resistant and service-oriented businesses with average rents of $24.50 PSF within the center
· Surrounding retailers include Sam’s Club, Target, Best Buy, The Home Depot, Ulta, Academy Sports + Outdoors, Starbucks, Panera, McDonald’s, etc.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
22,329 SF
Building Class
B
Year Built
2014
Price
$7,993,262
Price Per SF
$357.98
Cap Rate
6.50%
NOI
$519,562
Percent Leased
91%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
14.43 AC
Zoning
GR - Zoning: Retail-friendly zoning (verify for specific use)
Permitted Uses: Retail, restaurant, service, medical, professional
NNN Lease
Frontage
20’ on Soncy Rd
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
-
Lorem Ipsum
-
Jan 0000
Crumbl is a dessert bakery brand founded in 2017 by Jason McGowan and Sawyer Hemsley, with its first location opening in Logan, Utah. The company built its concept around an open-kitchen bakery experience and a weekly rotating menu of cookies and other desserts. Crumbl also offers delivery and catering, and its menu includes both classic flavors and limited-time items that change each week. Over time, the business expanded into a franchise network with a broad presence across the United States and beyond.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 161 | 1,505 SF | Retail | In-Line | Now |
| 381 | 2,103 SF | Retail | In-Line | Now |
161
| Size |
| 1,505 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
381
| Size |
| 2,103 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
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161
| Size | 1,505 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
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Street View
Street
Map
381
| Size | 2,103 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R-073-0581-0715-0 | Improvements Assessment | $7,288,870 |
| Land Assessment | $2,512,541 | Total Assessment | $9,801,411 |
Property Taxes
Parcel Number
R-073-0581-0715-0
Land Assessment
$2,512,541
Improvements Assessment
$7,288,870
Total Assessment
$9,801,411
(214) 378-1212
x212
Contacts
-
John Zikos -
Lawrence Wilson -
Dean Straka -
Will Meachum -
Venture Commercial Real Estate
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