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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
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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Soncy Rd | 8600 SW 34th Ave
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