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$215,000
Est. payment /mo
5,020 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,020 sqft
Price per Sqft $42
MLS Listing ID 26-4845
Year Built 1966
Source Amarillo Association of REALTORS®
Property Description
1222 S. Buchanan Street presents an opportunity to acquire a single-tenant net leased investment property in Amarillo, Texas. The building is occupied by Mayesh Wholesale Florist, a national wholesale floral distributor with 24 locations across 14 states. Offered at $215,000, the property generates current NOI of $21,600 and is priced at a 10.0% cap rate. The NNN lease structure minimizes landlord responsibilities while providing stable cash flow. Lease terms include 4% annual rent increases, creating built-in income growth over the term. Conveniently located near downtown Amarillo with easy access to Interstate 40, this property offers investors a combination of strong cash flow, contractual rent growth, and a nationally recognized tenant.
Location
State TX
County Potter
Area 0100 - Plemons
Zoning 0100 - NW Amarillo in City Limits
Direction Head north on Buchanan from 15th property is on the corner of Buchanan and SE 13th.
Others
Tax ID 216734
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Listed Kirk Chudej • FIMC Commercial Realty
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