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3562 South Soncy Road
Amarillo, TX 79119
Asking Price
$7.99M
Cap Rate
6.5%
Asset Type
Shopping Center Retail
Class
Class B
What's Special
Soncy Market Strip Center | 6.50% Cap | Grocery Shadow Anchored <ul><li>United Supermarkets (Albertsons / Safeway) shadow-anchored strip center with a quality tenant mix comprised of Torchy’s Tacos, Crumbl Cookies, Palm Beach Tan, Waxing the City, Palio’s Pizza Café, Locker Room Haircuts and more</li></ul><p></p><ul><li>Located along Soncy Road which serves as a dominant regional retail corridor for the Amarillo Market and carries 31,500 VPD</li></ul><p></p><ul><li>Strong demos with more than 53,000 people within a three-mile radius with average household
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NOI
$80,000
Cap Rate
1.00%
DSCR
0.17
Underwater
Cash-on-Cash
-16.45%
Monthly Payment
$39,546.299
Annual Cash Flow
$-394,555.589
