Restaurant in Amarillo

Additional information is provided after the signing of an NDA

Restaurant in Amarillo

$1,997,000
$2,698 /m²
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  • Total area
    740 m²
  • Yield
    6.0 %
  • Rental rate (m²/month)
    $13
  • Built in 
    1999
Details
Property parameters
  • Land area: 8,094 m²
  • 1-floor building
Financial performance
  • Annual income: $116,942
Tenants
  • Fully let

It is a fast-food restaurant investment in Amarillo, Northern Texas.

Description

The total area of a single-storey building is 740 m².

The plot of 8,094 m².

The restaurant was constructed in 1999 and now is in excellent condition.

The property is fully leased out to a major tenant.

Financial performance

Absolute income is 119,790 $.

The current yield of 6%.

Tenants

The tenant is Logan's Roadhouse.

Logan's Roadhouse was founded in 1991 and now has 230 branches in 23 states and constantly growing.

The NNN lease agreement is signed for 20 years until 2019 with extension options 2x5 years. Each option includes the indexation of rental rate by 10%.

All operating costs are borne by the tenant.

Location and nearby infrastructure

The property is situated on the primary retail corridor, directly across from a huge shopping mall.

There is a federal highway along, the daily traffic through which exceeds 67,000 vehicles.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other restaurants for sale in the USA.

You can see more restaurants for sale in Texas elsewhere on our website.

Statistics in Texas

Price per m², $
3,674
Healthcare efficiency level
52
Index 52 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
46
Index 46 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, $
Apartment in the city centre, m² 3,674.57
Apartment in a bedroom community, m² 1,811.85
Transport Price, $
Public transport, 1 ride 1.3
Monthly travel card 39.14
Taxi, 1 km 1.13
Petrol, 1 l 1.66
Food Price, $
Water, 1.5 l 0.61
Milk, 1 l 1.26
White bread, 500 g 1.1
Eggs, a dozen 2.42
Chicken fillet, 1 kg 7.88
Education Price, $
Kindergarten, per month 266.34
International school, per year 20,655.09
Health care index
Staff competence 63.16
Medical equipment 54.17
Research accuracy and completeness 58.33
Attitude towards patients 56.94
Security index
Crime rate 60.74
The risk of being robbed 56.34
The risk of car theft 57.87
The risk of break-in and property damage 60.69

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

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