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 (Albertsons / Safeway) 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 $27.04 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.
- According to USA Today, Amarillo, TX is ranked the #1 mid-sized city in the United States for economic growth
Listing Contacts
Listed by Venture Commercial
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$519,562.00
$43,296.83/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Map
Zoning
GR CommercialRetail CommercialGeneral Retail
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 231 uses
View all 231 uses Last updated Apr 13, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
