5721 Georgia St Amarillo, TX 79118

This exceptional investment opportunity presents a brand-new, 2024-constructed Starbucks located at 5721 S Georgia St, Amarillo, TX 79110. The 2,020 square foot building sits on a 1.05-acre lot and boasts a drive-thru, catering to the high traffic volume of this busy commercial corridor. The property benefits from its proximity to major roadways, including I-27 and Loop 335, ensuring excellent visibility and accessibility. Furthermore, its location near John Stiff Memorial Park and the Don Harrington Discovery Center provides additional foot traffic and exposure. This is a single-tenant, net lease (NNN) investment with a corporate guarantee from Starbucks, offering a passive income stream with minimal landlord responsibilities. The 10-year lease commenced March 1st, 2024, and includes four five-year renewal options, providing long-term security. The property's strong location, coupled with the national brand recognition of Starbucks and the favorable lease terms, makes this a compelling investment opportunity with a 5.65% cap rate and a net operating income (NOI) of $142,220. The asking price is $2,518,000. This property is ideal for a 1031 exchange. The strong local demographics and the area's residential growth further enhance the investment potential.