8400 Interstate 40 Amarillo, TX 79106-1502
- Turn key restaurants
- 7,107 SF
- 1.48 lot acres
Jan 24, 2025
Current Use by Public Records
- Turn key restaurants
Property Details for 8400 Interstate 40
- Year built
- 2001
- Lot size
- 1.48 lot acres
- Property size
- 7,107 SF
- Zone code
- LC
- Property type
- Turn key restaurants
- APN
- R-005-7540-2005
- APU
- R00575402005
Description
This exceptional investment opportunity presents a 7,279 square foot Chuy's restaurant located at 8400 W Interstate 40 in Amarillo, Texas, Potter County, zip code 79124. The property sits on a 1.48-acre lot and benefits from its prime location on a heavily trafficked Interstate 40 pad site, providing excellent highway exit accessibility. The building, constructed in 2001 and renovated in 2019, is currently 100% occupied under a single-tenant, absolute NNN lease with Chuy's (acquired by Darden Restaurants in 2024). The lease commenced December 1, 2019, and has a remaining term of 5.1 years, expiring December 30, 2029. The lease includes 10% rent bumps every five years. The property offers a strong net operating income (NOI) of $195,800, resulting in a 6.00% cap rate. The asking price is $3,263,335. Amarillo, the largest city in the Texas Panhandle, boasts a population exceeding 200,000, ensuring a robust customer base for this established restaurant. This is a rare opportunity to acquire a well-performing, net-leased property with a strong tenant and significant remaining lease term in a prime location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $330,000
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Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Potter
- State
- Texas
- Longitude
- -101.934
- Latitude
- 35.188
- CBSA code
- 11100
- CBSA name
- AMARILLO, TX METROPOLITAN STATISTICAL AREA
