8600 SW 34th Ave

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8600 SW 34th Ave

Amarillo, TX 79121
Asking Price
$5.42M
Cap Rate
7.5%
Asset Type
Retail
Class
Class B

What's Special

Absolute Net Lease | 4.79-Acre Signalized Hard Corner | Site Below-Market Rent at $5.62/SF <ul><li>​The lease is structured on an absolute net basis with no landlord responsibilities, including roof and structure.</li><li>​The tenant has exercised its renewal option, extending the lease term with a contractual 6% rent increase commencing September 1, 2027. The store opened in 1996, demonstrating long-term commitment through over 30 years of continuous operation at this location.</li><li>​In-place rent is below market for comparable retail space along Soncy Road, a primary commercial c

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NOI
$80,000
Cap Rate
1.48%
DSCR
0.25
Underwater
Cash-on-Cash
-14.87%
Monthly Payment
$26,795.413
Annual Cash Flow
$-241,544.955

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