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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
2015
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 began in 2017 when Jason McGowan and Sawyer Hemsley set out to create a chocolate chip cookie and opened the first bakery in Logan, Utah. The company has grown into a franchise-focused dessert business built around cookies and other sweet items, with a menu that combines core favorites and weekly rotating flavors. Crumbl serves customers through pickup, delivery, carryout, and catering, and the company's lineup includes cookies, cakes, pies, and other desserts in an open-concept bakery format.
| 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 |
| 381 | 2,103 SF | Retail | In-Line | Now |
381
| Size |
| 2,103 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
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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
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
