Miscellaneous
Havertys Furniture (Absolute Net Lease)
8600 SW 34th Ave, Amarillo, TX 79119
Listing Price: $5,416,000
Investment Overview
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.
Havertys Furniture (Absolute Net Lease)
Investment Highlights
- 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
Exclusively Listed By
Listing Price: $5,416,000
Investment Highlights
- 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
Investment Overview
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.
Exclusively Listed By
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