8720 IH 40 W Frontage Rd Amarillo, TX 79124
Opportunity to purchase well established Red Robin location in Amarillo, TX
Property size:
6,702 SFPrice / SF:
$367/SF- Added:
- Jan 27, 2025
- Days on Market:
- 456
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 8720 IH 40 W Frontage Rd
General Information
- Standard status
- Active
- Property type
- Restaurants, Other retail properties, Individual retail properties, Retail properties & Spaces
- Size
- 6,702 SF
- Elevators
- N/A
- Investment Type
- Net Lease
Building Details
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing agent Kase (925) 348-1844
Listing office (925) 348-1844
Listing date Jan 27, 2025
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.
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Map
- City
- Amarillo
- County
- Randall
- State
- Texas
- Longitude
- -101.991
- Latitude
- 35.4281
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - Opportunity to purchase well established Red Robin location 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: New 15 year absolute NNN lease; Zero landlord obligations; Corporate guarantee
