8720 Frontage Rd Amarillo, TX 79124
- Retail properties
- 6,702 SF
- 1.67 lot acres
Current Use by Public Records
- Retail properties
Property Details for 8720 Frontage Rd
- Year built
- 2006
- Lot size
- 1.67 lot acres
- Property size
- 6,702 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 15-year absolute triple-net (NNN) lease for a Red Robin restaurant located at 8720 IH 40 W Frontage Rd, Amarillo, TX 79124. The lease commenced August 30, 2023, and expires August 31, 2038, with four, five-year renewal options. The property boasts a 6.50% cap rate and a net operating income (NOI) of $160,000. The 6,702 square foot building sits on a 1.67-acre lot and was built in 2006. The lease is corporately guaranteed by Red Robin, offering zero landlord obligations. Rent increases of 10% are built into the lease every five years. This prime location benefits from exceptional visibility and high traffic counts, with over 104,912 vehicles per day on nearby roads. The property is situated in Amarillo's highest-density retail corridor, near Westgate Mall, a major regional shopping center, and numerous national retailers including Target, Home Depot, Sam's Club, Kohl's, and more. This is a rare opportunity to acquire a stable, high-performing investment in a strong retail market. The property offers tax-free income due to its location in Texas. The property is approximately 8 miles from downtown Amarillo.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Potter
- State
- Texas
- Longitude
- -101.939
- Latitude
- 35.1875
