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8170 W Interstate 40
Amarillo, TX 79106

Slim Chickens Ground Lease · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
3,018 SF
Building Class
C
Year Built
2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.60 AC
Zoning
Light Commercial District
Parking
35 Spaces (11.6 Spaces per 1,000 SF Leased)
Frontage
85 ft on I-40 Frontage

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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R-005-7540-2530
Land Assessment
$467,452
Improvements Assessment
$940,575
Total Assessment
$1,408,027
  • Listing ID: 16274511

  • Date on Market: 2019-06-07

  • Last Updated:

  • Address: 8170 W Interstate 40, Amarillo, TX 79106

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