Triple Net Ground Lease
For Sale
Contact for pricing
4613 S Western St, Amarillo, TX 79109
Brand-new 2023 ground-up triple net ground lease with rental increases scheduled every five years.
Property SizeContact for details
Days on Market122
Property Features for 4613 S Western St
General Information
Standard status
Active
Property subtype
Retail
Building Details
Year Built
2023
Tenancy
Single
Listing Agency:
Marcus & Millichap - Los Angeles
(310) 909-5500
Listed By:
Tyler Bindi · License #CA 02116455
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 4:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
This offering features a 20-year absolute triple net (NNN) ground lease with no landlord responsibilities. The property is brand new 2023 ground-up construction. The lease includes rental increases of 10% every five years, including option periods.
The location is in Amarillo, Texas, on a retail corridor with national retailers including Walmart Supercenter, McDonald’s, Whataburger, Walgreens, Dunkin’, Sonic, and Dairy Queen. The site is described as approximately 8 minutes from downtown Amarillo and about 15 minutes from Amarillo International Airport.
The operator referenced in the remarks is Cotti Foods, described as one of the largest and most successful restaurant operators in the country, with 234 units and growth noted in the materials.
The location is in Amarillo, Texas, on a retail corridor with national retailers including Walmart Supercenter, McDonald’s, Whataburger, Walgreens, Dunkin’, Sonic, and Dairy Queen. The site is described as approximately 8 minutes from downtown Amarillo and about 15 minutes from Amarillo International Airport.
The operator referenced in the remarks is Cotti Foods, described as one of the largest and most successful restaurant operators in the country, with 234 units and growth noted in the materials.
Key Highlights
- 20‑year absolute triple net (NNN) ground lease with no landlord responsibilities
- Brand‑new 2023 ground‑up construction
- Rental increases of 10% every five years, including option periods
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
Explore this area
Business Placement
Demographics for 79109, TX
42,509
Population
20,308
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
10.3 sq mi
ZIP Area
4,127
Density / Sq Mi
$68,579
Median Household Income
$41,410
Median Earnings
$945
Median Rent
$217,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Brand-new 2023 ground-up triple net ground lease with rental increases scheduled every five years.
Where is this nnn property located?
The property is located at 4613 S Western St Amarillo, TX.
What are key features of this property?
This property features: 20‑year absolute triple net (NNN) ground lease with no landlord responsibilities; Brand‑new 2023 ground‑up construction; Rental increases of 10% every five years, including option periods
