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Miscellaneous

Greyhound Texas

400 S Monroe St, Amarillo, TX 79101

Listing Price: $1,100,000

Cap Rate
7.25%
Tenant Name
Greyhound
Years Remaining On Lease
10.7
Guarantor
Corporate Guarantee
Rentable SF
11,253
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$7.09

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale Greyhound, Amarillo, TX (the “Property”), a +/-11,253-square-foot, single- tenant, industrial-flex property, located in the Downtown Amarillo submarket in Texas. The Greyhound Bus Station is less than one mile away from downtown Amarillo and fronts Southwest 4th Avenue, a major east-west thoroughfare that runs directly through downtown Amarillo. Greyhound has been a tenant at the location for over 20 years and currently has term through October 2034, with no options to extend thereafter.

Greyhound Lines, Inc. operates the largest intercity bus service in North America. Their fleet of 1,700 coaches serves 230 stations and 1,700 destinations throughout the United States. The company's first route began in 1914, and the company adopted the Greyhound name in 1929. The company is now owned by Flix North America, Inc., an affiliate of FlixBus, and is headquartered in Downtown Dallas.

Investment Highlights

  • Oversized Lot: Approximately 1.95 Acres
  • Triple-Net Lease: Minimal landlord responsibilities
  • Strategic Locaton: Less than one mile from downtown Amarillo, TX
  • Rare Investment Opportunity: Located in a market that has limited available inventory, limited vacancy and strong demand for commercial properties

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Miscellaneous

Greyhound Texas

Listing Price: $1,100,000

Cap Rate
7.25%
Tenant Name
Greyhound
Years Remaining On Lease
10.7
Guarantor
Corporate Guarantee
Rentable SF
11,253
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$7.09

Investment Highlights

  • Oversized Lot: Approximately 1.95 Acres
  • Triple-Net Lease: Minimal landlord responsibilities
  • Strategic Locaton: Less than one mile from downtown Amarillo, TX
  • Rare Investment Opportunity: Located in a market that has limited available inventory, limited vacancy and strong demand for commercial properties

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale Greyhound, Amarillo, TX (the “Property”), a +/-11,253-square-foot, single- tenant, industrial-flex property, located in the Downtown Amarillo submarket in Texas. The Greyhound Bus Station is less than one mile away from downtown Amarillo and fronts Southwest 4th Avenue, a major east-west thoroughfare that runs directly through downtown Amarillo. Greyhound has been a tenant at the location for over 20 years and currently has term through October 2034, with no options to extend thereafter. Greyhound Lines, Inc. operates the largest intercity bus service in North America. Their fleet of 1,700 coaches serves 230 stations and 1,700 destinations throughout the United States. The company's first route began in 1914, and the company adopted the Greyhound name in 1929. The company is now owned by Flix North America, Inc., an affiliate of FlixBus, and is headquartered in Downtown Dallas.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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