8720 IH 40 W Frontage Rd Amarillo, TX 79124
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Property Features for 8720 IH 40 W Frontage Rd
General Information
- Property type
- Restaurants
- Investment Type
- net-lease
- Square Feet
- 6,702 SF
- Price / Square Foot
- $367
- Elevators
- N/A
Building Details
- Buildings
- 1
- Stories
- 1
- Units
- 1
Overview
Red Robin NNN Lease Investment
This property features a Red Robin restaurant in Amarillo, Texas. The 6,702 square foot building has a new 15-year absolute NNN lease with zero landlord obligations. The lease is corporately guaranteed by Red Robin. The lease includes ten percent rent increases every five years throughout the initial term and four 5-year renewal options. The property is located on a hard corner within Amarillo's highest-density retail corridor, with visibility and high traffic counts. The site has exposure to 17,524 vehicles per day along Soncy Road and 87,388 vehicles per day along West Interstate Highway 40, totaling 104,912 vehicles per day from combined nearby roads. It is located near Westgate Mall, an 878,000 square foot regional outlet shopping center anchored by Dillard's, JCPenney, and Bealls. Neighboring tenants include Target, The Home Depot, Sam's Club, Kohl's, PetSmart, Mattress Firm, Party City, T-Mobile, Barnes & Noble, and Best Buy. The property is located approximately 8 miles from Downtown Amarillo and offers tax-free income due to its location in Texas.
HighLights
- Highly desirable Red Robin location in Amarillo, TX, with a new 15‑year NNN lease.
- Zero landlord responsibilities; lease is corporately guaranteed by Red Robin.
- Prime Amarillo location boasts high traffic counts and proximity to major retailers like Target and Home Depot.
Property Profile
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Map
- City
- Amarillo
- State
- Texas
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - Profitable Red Robin investment opportunity in Amarillo, TX.
Where is this restaurant located?
The property is located at 8720 IH 40 W Frontage Rd Amarillo, TX.
What is the asking price?
The asking price for this property is $2,461,538.
What are key features of this property?
This property features: Highly desirable Red Robin location in Amarillo, TX, with a new 15-year NNN lease.; Zero landlord responsibilities; lease is corporately guaranteed by Red Robin.; Prime Amarillo location boasts high traffic counts and proximity to major retailers like Target and Home Depot.
