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8170 W Interstate 40
Amarillo, TX 79106
Slim Chickens Ground Lease · Retail Property For Sale
PROPERTY FACTS
About 8170 W Interstate 40 , Amarillo, TX 79106
Real Capital Investments is pleased to offer to qualified investors the opportunity to acquire a Slim Chickens ground lease situated on approximately 26,136 square feet or .6 acres of land. The property is strategically located along Interstate 40, near the Soncy Road interchange. The property is positioned directly across from Westgate Mall, an 878,000 square foot super regional mall. This retail trade area is also the premier overnight stay area of Amarillo, with 23 of the 74 national brand hotels in Amarillo being located within a mile of the property. The city of Amarillo is a major tourist draw, with visitors coming to see attractions such as Cadillac Ranch, the Route 66 Historic District, Lake Meredith and the Palo Duro Canyon. Travel and tourism is one of the largest industries in Amarillo with direct spending being generated to the local economy. This results in the large number of hotels with high occupancy rates, and high restaurant sales for many concepts. The property is located in an affluent area of Amarillo. The nearby medical district is less than a mile away and is home to major hospitals such as the 444 Bed Northwest Texas Healthcare Systems and the 373 Bed Baptist Saint Anthony’s Hospital that have a combined total-patient revenue of over $3.1 billion. Approximately 2.5 miles from the property is Amarillo College with more than 10,000 students enrolled. The lease is an absolute NNN lease, the safest type of real estate ownership, with no landlord responsibilities whatsoever, creating a safe, passive income stream for an investor.
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PROPERTY TAXES
Parcel Number | R-005-7540-2530 | Improvements Assessment | $940,575 |
Land Assessment | $467,452 | Total Assessment | $1,408,027 |
PROPERTY TAXES
Listing ID: 16274511
Date on Market: 2019-06-07
Last Updated:
Address: 8170 W Interstate 40, Amarillo, TX 79106
The Retail Property at 8170 W Interstate 40, Amarillo, TX 79106 is no longer being advertised on LoopNet.ca. Contact the broker for information on availability.
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