S Georgia St & Mockingbird Ln
Amarillo, TX 79109
Retail Property For Sale
Investment Highlights
- 15 Year Absolute NNN Ground Lease
- Corporate Guaranteed Lease
- Growing Metro Location – Population over 200,000 residents
- Fixed Rental Increases
- Estimated to be a $2B Company by late 2020
Property Facts
About S GEORGIA ST & MOCKINGBIRD LN , AMARILLO, TX 79109
The offering provides an opportunity to acquire an under construction Raising Cane’s located in Amarillo, TX, with a scheduled opening for March 1, 2020. The absolute NNN ground lease features a new 15-year base term with five 5-year options to extend and 8% increases in the base term and options, providing a buyer with a truly passive investment. The operator and guarantor of this location is Raising Cane’s Restaurants, L.L.C (Corporate) which finished 2019 with 476 locations and over $1.5 billion in sales. The property is located in the heart of Amarillo which is Texas’s 14th largest MSA boasting over 200,000 residents. This location features standalone visibility and appeal along South Georgia Street, a major north-south thoroughfare in a dense residential area sandwiched between two major highways, 27 and 40.
