Listed by Venture Commercial
$7,993,262
Soncy Market Strip Center
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 22,329
Net Rentable (SqFt) 22,329
Units 10
Cap Rate 6.50%
NOI $519,562
Occupancy 91%
Tenancy Multi
Brand/Tenant Torchy's Tacos, Crumbl
Lease Type NNN
Price per SqFt $358
Broker Co-Op True
Year Built 2014
Buildings 1
Acreage 2.200
Zoning General Retail (GR)
Investment Type Stabilized
Ground Lease No
Soncy Market Strip Center | 6.50% Cap | Grocery Shadow Anchored
Investment highlights
- United Supermarkets shadow-anchored strip center with a quality tenant mix comprised of Torchy’s Tacos, Crumbl Cookies, Palm Beach Tan, Waxing the City, Palio’s Pizza Café, Locker Room Haircuts and more
- Located along Soncy Road which serves as a dominant regional retail corridor for the Amarillo Market and carries 31,500 VPD
- Strong demos with more than 53,000 people within a three-mile radius with average household incomes in excess of $126,000
- Tenant mix is comprised of internet-resistant and service-oriented businesses with average rents of $24.50 PSF within the center
- Surrounding retailers include Sam’s Club, Target, Best Buy, The Home Depot, Ulta, Academy Sports + Outdoors, Starbucks, Panera, McDonald’s, etc.
Listing Contacts
Listed by Venture Commercial
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$519,562.00
$43,296.83/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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