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- LoopNet Team
408 US Highway 60
Panhandle, TX 79068
Dairy Queen · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease - Zero Landlord Responsibilities
- 10% rent increases every 5 years
- Income Tax Free State
- 13+ years remaining on lease with four -(5)year options
- Only 30 minutes to Amarillo | 10 minutes from Interstate 40
PROPERTY FACTS
Amenities
- Signage
- Drive Thru
About 408 US Highway 60 , Panhandle, TX 79068
TREK Investment Group is pleased to offer for sale Dairy Queen in Panhandle, Texas. The subject property is situated along Highway 60 which leads to Amarillo and approximately 10 minutes from I-40. It is across the street from the Carson County Law Enforcement Center and around the corner from Main Street where the High School and MIddle School are located. It is within half a mile from Stamps Air Field to the west. Surrounding national and local tenants include Family Dollar, Subway, CEFCO/Sonic, Family Care Clinic of Panhandle, and more. This property offers an investor a long-term Absolute NNN leased asset with zero Landlord responsibilities. The Tenant is directly responsible for all operating expenses including property taxes, common area maintenance and property insurance. There are 13+ years remaining in the primary lease term with four - (5yr) options to renew. A significant feature of the lease is the 10% rent increases every five (5) years, throughout the primary lease term as well as the lease options.
PROPERTY TAXES
| Parcel Number | 05800-01080-00000-000000 | Improvements Assessment | $127,954 |
| Land Assessment | $34,665 | Total Assessment | $162,619 |
PROPERTY TAXES
