EquipmentShare

Amarillo, Texas

NNN Pro Group is pleased to present the exclusive listing for an EquipmentShare located at 12760 I-27 Amarillo, TX 79119. The site consists of roughly 7,500 rentable square feet of building space on estimated 4.34-acre parcel of land. This EquipmentShare is subject to a 15-year absolute triple-net (NNN) lease, which commenced October 1st, 2021. The current annual rent is $228,467 and is scheduled to increase by 1.7% every year commencing on year 6 throughout the base term and in each of the 2, 5-year renewal options.

About the Investment:

✓ Long-Term, New 15-Year Absolute Triple Net (NNN) Lease
✓ Approximately 13.3 Years Remaining
✓ 1.7% Rental Increases Annually Commencing on Year 6
✓ Two (2), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 25 Years

Key Details

Price:: $3,435,593
Cap Rate:: 6.65%
Annual Rent:: $228,467
Address:: 12760 I-27, Amarillo, Texas 79119
Property Type:: Distribution Center
Lease Type:: Triple Net (NNN)

Original Lease Term:: 15 Years
Lease Commencement:: October 1, 2021
Lease Expiration:: September 30, 2036
Lease Term Remaining:: 13.3 Years
Rental Increases:: 1.7% Annually, Commencing Year 6
Lot Size:: 4.34 Acres
Building Size:: 7,500 SF
Year Built:: 2019
Year Renovated:: 2020
Tenant:: EquipmentShare

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Mark Masino

mmasino@nnnpro.com

License: 10401324426

Madison O’Connor

moconnor@nnnpro.com

License: 10401324427

Broker of record

Brian Brockman

Bang Realty-Texas, Inc

License: 701472

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