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Valvoline 6029 S Soncy Rd 2,600 SF Retail Building Amarillo, TX 79119 $3,164,000 ($1,216.92/SF) 5.50% Cap Rate
Investment Highlights
- New 20-Year Corporate Absolute NNN Lease Guaranteed by Valvoline Inc. (NYSE: VVV)
- Brand New 2025 Construction with Two Drive-Thru lanes
- Annual Population Growth Rate of 1.50% within a 3-Mile Radius
- 10% Rent Increases & No Landlord Responsibilities
- Prominent Location within Booming South Soncy Retail Corridor in Car-Dependent Region
- Adjacent to New Town Center Mixed-Use Development
Executive Summary
New 20-year absolute NNN lease guaranteed by Valvoline Inc. with scheduled rent increases and no landlord responsibilities. The property features new 2025 construction in a growing, car-dependent region surrounded by significant ongoing commercial and residential development. The property is prominently situated within the booming South Soncy retail corridor with convenient access along high-traffic S Soncy Road with prominent signage. Surrounding retailers include Starbucks, Hyundai, Wendy's, Sonic, Valero, Cinergy Theater, Natural Grocers, as well as the new Town Center mixed-use development. The area is supported by favorable, growing demographics with over 100,000 residents within 5 miles and an annual population growth rate of 1.50% within 3 miles.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,600 SF
Building Class
B
Year Built
2025
Price
$3,164,000
Price Per SF
$1,216.92
Cap Rate
5.50%
NOI
$174,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.10
Lot Size
0.57 AC
Parking
7 Spaces (2.69 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 314309 | Improvements Assessment | $0 |
| Land Assessment | $297,950 | Total Assessment | $297,950 |
Property Taxes
Parcel Number
314309
Land Assessment
$297,950
Improvements Assessment
$0
Total Assessment
$297,950
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Valvoline | 6029 S Soncy Rd
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