Available For Sale - Retail

2,431 SF

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LISTED BY

Chris Maling
Avison Young, 213-618-3824
David Maling
Avison Young, 213-618-3825
Paul Harmon
Avison Young, 214-269-3105

AVAILABILITY DETAILS

Size
2,431 SF
Price/SF
N/A - Contact for Info
Listing ID
SA553000
Notes
Overview



Avison Young is pleased to present the

opportunity to acquire the single-tenant Popeyes

on fee simple land located at 2201 Paramount

Boulevard in Amarillo, Texas. The subject

property is located in a popular retail corridor and

outparcel to a newly renovated Gold’s Gym.

Popeye’s, a National Credit Tenant, has 18

years remaining on its Absolute-Net Lease, with

10% increases every five years. In addition, the

operator, the Dhanani Group, operates 1,000+

units nationwide including 375 Popeyes.

This is an excellent opportunity to acquire a

stable investment occupied by



Highlights

• ±2,431 SF building on ±0.7 AC of fee simple land

• Occupied by national tenant, Popeyes,

with 18 years remaining on lease

• Excellent guaranty by Dhanani Group - the

largest Popeyes Franchisee in system, and 2nd

largest restaurant operator in America (2022)

• Great corner lot positioning with

drive-thru and ample parking

• Additional income from double-sided billboard

• Strategically located in a dense retail

corridor of Amarillo, with close proximity to

synergistic national retailers including Gold’s

Gym, Home Depot, Red Lobster, Church’s,

Smoothie King, Chick-fil-A, and much more!



Offering summary

Offering price $2,675,000

NOI *$133,825

Cap rate 5.0%

Lease expiration 10/1/2042

Lease term remaining 18 years

Built/Renovated 1978/2024

Lease type Absolute Net

Building area (SF) ±2,431

Land area (AC) ±0.7

Options remaining 4

Option period 5 years
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Chris Maling, Avison Young