8720 IH 40 W Frontage Rd Amarillo, TX 79124
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 8720 IH 40 W Frontage Rd
- Property type
- Retail properties
Description
The Kase Group is pleased to present the opportunity to purchase well established Red Robin location in Amarillo, Texas with a new 15 year absolute NNN lease. The recently extended lease calls for zero landlord obligations and is corporately guaranteed by Red Robin. There are 10% increases every 5 years throughout the initial term and options, and four 5-year renewal options. The site benefits from its hard corner location within the highest density retail corridor of Amarillo, being exposed to 17,524 VPD along Soncy Rd and 87,388 VPD across W Interstate Hwy 40. The building situated nearby the Westgate Mall, a 878,000 square feet regional outlet shopping center anchored by Dillard's Women, Dillard's Men and Home, JCPenney and Bealls. Additional neighboring tenants include Target, The Home Depot, Sam's Club, Kohl's, PetSmart, Mattress Firm, Party City, T- Mobile, Barnes & Noble, Best Buy & more. Location Description Amarillo is a city in the U.S. state of Texas and the seat of Potter County. It is the 14th-most populous city in Texas and the most populous city in the Texas panhandle. A portion of the city extends into Randall County. The estimated population of Amarillo was 200,393 as of April 1, 2020, comprising nearly half of the population of the panhandle. The Amarillo metropolitan area had an estimated population of 308,297 as of 2020. From 2020 to 2021, Amarillo experienced its greatest amount of economic development in 30 years. Amazon, Asset Protection Unit, and Texas Tech University Vet School were named some major organizations contributing to the city and metropolitan area's economic growth.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- State
- Texas
- Longitude
- -101.884
- Latitude
- 35.1689
