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Soncy Rd 8600 SW 34th Ave 72,227 SF Retail Building Amarillo, TX 79121 $5,416,000 ($74.99/SF) 7.50% Cap Rate
Investment Highlights
- The tenant has exercised its renewal option, extending the lease term with a 6% increase commencing 9/1/27. This location has been open 30+ years.
- Access and visibility at Soncy Road and SW 34th Avenue | 43,666 VPD at pne of Amarillo’s highest-traffic non-interstate intersections
- 121,367 residents and 124,205 daytime population within 5 miles supporting retail demand
- In-place rent is below market for comparable retail space along Soncy Road, a primary commercial corridor in west Amarillo at at $5.62/SF
- The property’s roof is under warranty through 4/3/36, providing coverage for a key structural component and limiting near-term capital requirements
- Soncy Road provides immediate access to Loop 335, which links west Amarillo to Interstate 27 and Interstate 40.
Executive Summary
30+ Year Operating History | Recently Exercised Option Demonstrating Continued Commitment to the Site.
Also Available: Havertys at 11091 Pecan Park Blvd, Cedar Park (Austin), TX 78613
Also Available: Havertys at 11091 Pecan Park Blvd, Cedar Park (Austin), TX 78613
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
72,227 SF
Building Class
B
Year Built
1996
Price
$5,416,000
Price Per SF
$74.99
Cap Rate
7.50%
NOI
$406,258
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
4.79 AC
Zoning
GR
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R-065-1590-2785-0 | Improvements Assessment | $2,447,882 |
| Land Assessment | $1,982,198 | Total Assessment | $4,430,080 |
Property Taxes
Parcel Number
R-065-1590-2785-0
Land Assessment
$1,982,198
Improvements Assessment
$2,447,882
Total Assessment
$4,430,080
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