2ND GEN RESTAURANT SPACE (FOR SALE/LEASE)
LARGE LOT SIZE | STRATEGIC POSITIONING | STRONG DEMOGRAPHICS
Marketing description
Patrick Graham
Broker of Record
License No. 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
Investment highlights
LARGE LOT SIZE: The property sits on a ±2.03 acre lot that provides sufficient area for parking and any future expansion opportunities.
STRATEGIC POSITIONING: Situated along South Soncy Road, a major retail corridor in Amarillo, the property benefits from high visibility and accessibility. Some of the major tenants include Home Depot, Target, Sam’s Club and more.
STRONG DEMOGRAPHICS: The property is strategically positioned in a thriving trade area, with a population exceeding 116,471 within a ±5-mile radius. The local demographic trend is favorable, with projected population growth of over 5% by 2029, underscoring sustained demand for retail and commercial space.
SITUATED RIGHT NEXT TO INTERSTATE 40: The property sits within 300 feet from Interstate 40, which see’s ±53,900 vehicles per day (VPD).
INCOME TAX FREE STATE: Texas’ status as an income tax free state enhances the property’s investment appeal by reducing the tax burden on potential returns.
INCREASED FOOT TRAFFIC: The concentration of multiple hotels, two major hospitals, and Westgate Mall in the immediate area generates steady pedestrian and vehicular traffic. This consistent flow of visitors and locals creates a strong, built-in customer base, making the location especially advantageous for a restaurant seeking high visibility, foot traffic, and a diverse mix of potential diners throughout the day.
BRAND NEW ROOF AND INTERIOR: The property features significant recent upgrades, including a new roof, fully renovated interior, and a state-of-the-art commercial kitchen and bakery setup. These capital improvements reduce near-term maintenance costs and position the asset as move-in ready for food service operators or tenants seeking a turnkey solution.
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