2110 Western St Amarillo, TX 79109-1516

Property Details for 2110 Western St

Year built

2023

Lot size

0.44 lot acres

Property size

510 SF

Zone code

GR

Property type

Drive through restaurants

APN

R-001-0100-0120

APU

R00101000120

Description

This exceptional investment opportunity presents a brand-new, 510-square-foot 7 Brew Coffee shop in Amarillo, Texas. Built in 2023, the property sits on a 0.44-acre lot at a high-traffic intersection of S Western Ave and W Interstate Hwy 40 (73,946+ combined vehicles per day), strategically located across from Tascosa High School (2,185 students). The property boasts a 15-year net lease with five 5-year renewal options and 10% rent bumps every five years, ensuring consistent income growth. The current NOI is $80,000, representing a 6.00% cap rate on the $1,333,500 asking price. The tenant, 7 Brew Coffee, is backed by a corporate guarantee, providing significant security. Strong demographics, with average household incomes exceeding $80,000 within 1, 3, and 5-mile radii, further enhance the investment's appeal. This is a rare chance to acquire a high-performing asset in a thriving market, benefiting from 7 Brew's high average unit volume (AUV) exceeding $2.4 million. The property's prime location and long-term lease structure make it an ideal addition to any investment portfolio. The property is 100% occupied.