3522 Soncy Rd Amarillo, TX 79119-6672
Property Lookup
Property profile & analytics
3522 Soncy Rd Amarillo, TX 79119-6672
- Drive through restaurants
- 4,695 SF
- 1.00 lot acres
Property ID
US82-9416481
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
- Panera Bread / Cafe & Coffee Shop
Property Details for 3522 Soncy Rd
- Year built
- 2023
- Lot size
- 1.00 lot acres
- Property size
- 4,695 SF
- Zone code
- GR
- Property type
- Drive through restaurants
- APN
- R-073-0581-0720
- APU
- R07305810720
Description
This exceptional investment opportunity presents the chance to acquire a fee-simple interest (land and building) in a Panera Bread restaurant located at 3522 S Soncy Rd, Amarillo, TX 79119. The property, built in 2023, boasts 4,417 square feet and sits on a one-acre lot with 45 parking spaces. The property is zoned GR: General Retail and features a drive-thru. The current tenant, a Panera Bread franchisee, holds a 20-year absolute NNN lease commencing December 23, 2020, and expiring December 22, 2040, with four 5-year renewal options. The lease includes 8% rental increases every five years, providing built-in protection against inflation. The current Net Operating Income (NOI) is $230,400, resulting in a 5.25% cap rate and a price per square foot of $993.66. The asking price for this exceptional property is $4,389,000. This prime location along Soncy Road benefits from high visibility and accessibility, with an average daily traffic count of 32,300 vehicles. The property enjoys excellent proximity to major roadways, including Interstate 40 and Interstate 27, and is strategically situated within a dense retail corridor alongside numerous national retailers such as The Home Depot, Sam's Club, and Walmart. The surrounding area also includes significant residential developments, providing a strong consumer base. The 5-mile trade area boasts over 118,900 residents and 57,800 daytime employees, with an average household income of $133,469 within one mile of the property. This is a truly exceptional, management-free investment opportunity with significant long-term growth potential.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Randall
- State
- Texas
- Longitude
- -101.939
- Latitude
- 35.1717
- 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
2018
$7,948
$522,720
$1,014,938
$1,537,658
-
$522,720
$1,014,938
$1,537,658
