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Published on: Friday, November 1, 2024
Updated on: Friday, November 1, 2024
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
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Financing  Business  Material

  Exceptional Popeyes - Amarillo, Texas

2201 Paramount Blvd Amarillo Texas , 79109
2201 Paramount Blvd Amarillo Texas , 79109  Avison Young
Listing ID: CL-Texas-12674 Restaurant /Retail

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 5.5
Net Operating Income: $133,825.00
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

Lending Opportunities

Interested in making an offer on this property or adding it to your portfolio? Our network of experienced lenders is ready to provide you with competitive loan options tailored to your needs. Whether you're an investor or a first-time buyer, securing financing is the key to turning this opportunity into reality. Don’t wait, reach out now to get pre-approved, explore your loan options, and take the next step with confidence!
Company Name Lender Type Contact Name Contact Number Actions
Easy Home Loans, LLC Mortgage Broker Ana M Gonzalez (786) 525-7126 Request Quote
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