1600 Ross St Amarillo, TX 79102-4418
Property profile & analytics
1600 Ross St Amarillo, TX 79102-4418
- Drive through restaurants
- 970 SF
- 0.86 lot acres
Property ID
US82-3981322
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dutch Bros Coffee / Cafe & Coffee Shop
Property Details for 1600 Ross St
- Year built
- 2022
- Lot size
- 0.86 lot acres
- Property size
- 970 SF
- Zone code
- GR
- Property type
- Drive through restaurants
- APN
- R-048-0400-8969
- APU
- R04804008969
Description
This exceptional investment opportunity presents a fee-simple interest in a Dutch Bros Coffee property located at 1600 Ross St, Amarillo, TX, 79102. The 950-square-foot building, constructed in 2022, boasts a double drive-thru designed for optimal efficiency, capable of accommodating up to 25 vehicles. Situated on a 0.86-acre lot, this Class B retail property benefits from exceptional visibility and accessibility, enjoying proximity to Interstate 40 (77,000 cars per day) and high daily traffic counts on Ross Street (15,000 cars per day). The property is part of a thriving retail and hospitality node, neighboring numerous national brands including McDonald's, Sam's Club, KFC, and several hotels. The tenant, Dutch Bros Coffee, operates under a 15.1-year Absolute NNN lease, commencing July 15, 2022, and expiring July 31, 2037, with a remaining term of 12.7 years. The lease includes three, five-year renewal options, each with a 10% rent increase. The current annual net operating income (NOI) is $98,500, representing a 5.30% cap rate and a price per square foot of $1,956.32. The asking price for this single-unit property is $1,858,500. This passive investment offers significant upside potential through built-in rent increases, providing a hedge against inflation. The property's strong location and established tenant make it an attractive addition to any portfolio.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Potter
- State
- Texas
- Longitude
- -101.818
- Latitude
- 35.1943
- CBSA code
- 11100
- CBSA name
- AMARILLO, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,194
$187,500
$194,350
$381,850
-
$187,500
$194,350
$381,850
