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    12828 I-27 Amarillo, TX 79119

    Sponsored
    For Sale
    $3,900,000

    8,620 SF NNN Lease, 6.12% Cap Rate

    Property size:
    8,620 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a single-tenant, net-lease warehouse located at 12828 I-27 in Amarillo, Texas. The property boasts 8,620 square feet situated on a 3.22-acre lot, offering excellent accessibility to I-27, Loop 335 E, and Hereford Highway. Built in 2019 and renovated in 2024, the warehouse is currently 100% occupied by H&E Equipment Services, a nationally recognized tenant with over $1 billion in annual revenue and more than 125 locations nationwide. The tenant recently signed a new 10-year NNN lease with options for 3 or 5-year extensions and a 3% annual rent escalation. This provides a secure, long-term income stream with minimal landlord responsibilities. The property's strong financial performance is reflected in its 6.12% cap rate and a net operating income (NOI) of $238,953. The asking price is $3,900,000. Zoning is unrestricted within Amarillo's 5-mile extraterritorial jurisdiction. This is a compelling investment opportunity offering a combination of strong tenant creditworthiness, a long-term lease, and a desirable location.

    Property Features for 12828 I-27

    General Information

    Property type
    Distribution properties
    Square Feet
    8,620 SF
    Lot Size
    140,263 SF

    Building Details

    Year Built
    2019
    Buildings
    1

    HighLights

    • NNN lease with minimal landlord responsibilities.
    • National credit tenant, H&E Equipment Services, with over $1B in revenue and 125+ locations.
    • New 10‑year NNN lease with three 5‑year options and 3% annual rent escalations.
    • Excellent access to I‑27, Loop 335 E, and Hereford Hwy.
    • 2019 construction, renovated in 2024 to suit H&E.
    • Located in Amarillo's extraterritorial jurisdiction with no restricted industrial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.919013
    Latitude
    35.0771748

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    FAQs

    What type of property is this?
    Distribution property - 8,620 SF NNN Lease, 6.12% Cap Rate
    Where is this distribution property located?
    The property is located at 12828 I-27 Amarillo, TX.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: NNN lease with minimal landlord responsibilities.; National credit tenant, H&E Equipment Services, with over $1B in revenue and 125+ locations.; New 10-year NNN lease with three 5-year options and 3% annual rent escalations.
    Request Owner's contact information
    12828 I-27 Amarillo, TX 79119
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    Amarillo, TX 79119
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12828 I-27 Amarillo, TX 79119
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