Havertys Furniture (Absolute Net Lease)

Havertys Furniture (Absolute Net Lease)

Amarillo, TX

Amarillo, TX

Havertys Furniture (Absolute Net Lease)

Offered for sale is an absolute net leased Havertys Furniture located in Amarillo, Texas. The lease is structured with no landlord responsibilities, including roof and structure, and the tenant has operated at this location for over 30 years, recently exercising a renewal option with a 6% rent increase scheduled for September 2027. The property features below-market rent at $5.62/SF and is positioned on a 4.79-acre signalized hard corner site at Soncy Road and SW 34th Avenue, one of Amarillo’s highest-traffic non-interstate intersections with 43,666 VPD. The asset is located within the dominant west Amarillo retail node near Westgate Mall and benefits from connectivity to Loop 335, I-27, and I-40, with 121,367 residents and 124,205 daytime population within five miles.

Price $5,416,000
Cap Rate 7.50%
Building Size 72,227 sqft
Lot Size 4.79 acres
Year Built 1995
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Absolute Net Lease With 4.3 Years Remaining
  • 30+ Year Operating History | Recently Exercised Option With Six Percent Rent Increase Scheduled for September 2027
  • Below-Market Rent at $5.62/SF
  • Access and Visibility at Soncy Road and SW 34th Avenue | 43,666 VPD at One of Amarillo’s Highest-Traffic Non-Interstate Intersections
  • Roof Warranty in Place Through April 2036
  • 4.79-Acre Signalized Hard Corner Location
  • 121,367 Residents and 124,205 Daytime Population Within 5 Miles Supporting Retail Demand
  • Positioned Within Dominant West Amarillo Retail Node Anchored by Westgate Mall an 884,000+ SF Destination Featuring 100+ Retailers
  • Direct Connectivity to Loop 335, I-27, and I-40 Supporting Regional Traffic Flow

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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