10301 Farm To Market Rd Amarillo, TX 79118

Exceptional investment opportunity: a Class A, 11,200-square-foot industrial warehouse in Amarillo, Texas. This single-tenant property boasts a strong, stabilized NNN lease with Wanzek Construction, LLC, a subsidiary of MasTec, a Fortune 500 company. The lease commenced January 20, 2016, and currently has approximately 2.9 years remaining, with two 2-year extension options. The current annual net operating income (NOI) is $84,000, representing a 6.22% cap rate on the asking price of $1,350,000 ($120.54/sq ft). The property features two loading docks, sits on a 4.39-acre lot, and includes a 1,200-square-foot high-end office finish-out. The tenant pays all utilities, property taxes, insurance, and maintenance, with a current monthly rent of $8,000 ($7,000 rent + $1,000 CAM fees), escalating annually by $1,000. The tenant has invested significantly in improvements, ranging from $100,000 to $200,000. Built in 2011, this property presents a secure, long-term investment with a proven track record and significant upside potential. The property is zoned for industrial use and offers a substantial warehouse space along with a generous gravel lot. This is a land-owned property with no ground lease.