12828 I-27 Amarillo, TX 79119
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 12828 I-27
- Year built
- 2019
- Lot size
- 3.22 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Randall
- State
- Texas
- Longitude
- -101.919
- Latitude
- 35.0772
