Published on: Friday, November 1, 2024
Updated on: Friday, November 1, 2024
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About the Lister
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Name: Chris Maling
Company: Avison Young
Office Phone: +1 213.618.3824
Cell Phone: +1 213.364.7222
Provide Your Service
Financing  Business  Material
  Exceptional Popeyes - Amarillo, Texas
2201 Paramount Blvd Amarillo Texas , 79109
2201 Paramount Blvd Amarillo Texas                                                                                               , 79109Avison Young
Listing ID: CL-Texas-12674

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 5.5
Net Operating Income: $133,825
Commission Split (%): 0
Quick Glance
Listing ID: CL-Texas-12674
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1978
Building Size: 2,431.00 SqFt
Lot Size: 2,431.00 SqFt.
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
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.
Complete Details
Year Build: 1978
Building Size: 2,431 SqFt.
No of Stories: 1
Total Lot Area: 2431 SqFt.
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: B
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
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 a reputable national tenant and operator!
Additional Properties
Property Tenants
  • Popeyes
  • Lease Term 20 years
  • Remaining Term 18 years
Property Highlights
  • 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 mu
Features
  • ±2,431 SF building on ±0.7 AC of fee simple land
Listing Location
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