Restaurant in Amarillo

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Restaurant in Amarillo

1,997,000 $
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Total area: 740 m² Yield: 6.0% Built in 1999
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Features
  • Operating Incomе: 107,571 €
  • Land area: 8,094 m²
  • 1-floor building
  • Occupancy: 100%

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 objects

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.

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Artem Ezhkov
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+44 20 3608 1267
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