Investment Opportunity - Restaurant, Amarillo, TX
$600,000
2028 Paramount Boulevard, Amarillo, TX 79109
6.6
Cap Rate
4,593 sqft
Building Size
Details:
Description:
Prime Commercial Investment Opportunity | 2028 Paramount Blvd, Amarillo, TX
High-Visibility Restaurant & Value-Add Investment Opportunity
Positioned in the heart of Amarillo, this versatile property offers a unique opportunity for both savvy investors and owner-users.
Property Highlights & Recent Capital Improvements
This isn't just a standard "value-add" play; the heavy lifting on infrastructure has already been completed. Since 2020, the property has undergone significant mechanical and structural updates, ensuring long-term viability and reduced deferred maintenance costs:
Roof: Modern, energy-efficient TPO Roof installation.
Electrical: updated in 2022.
Plumbing: Modernized throughout with durable PVC & PEX piping.
Grease Trap: Brand new, high-capacity 1,000-gallon grease trap installed in 2025, meeting the highest standards for modern commercial kitchen requirements
A new four year lease agreement is in place at the rental rate of $4,500.00 per month modified gross. Taxes and insurance are approximately $14,000 annually. Annual net income of $40,000 which is a 6.6% cap rate.
Located just seconds off I-40, 2028 Paramount sits at the gateway to Amarillo’s most consistent commercial and residential neighborhoods.
Amarillo is currently experiencing an unprecedented economic surge. The region has become a primary hub for AI Data Center development, bringing high-tech infrastructure and a specialized workforce to the Texas Panhandle. This influx of capital and population growth is driving demand for retail and dining space, making now the ideal time to secure a footprint in the local market.
Visible from I-40 E & W bound traffic (70-80,000 vpd)
Large Pylon sign
1,000 gal grease trap installed in 2025
Leased through 5/31/2030
40 parking spaces
Documents:
| Title | ||
|---|---|---|
| 2028 Paramount - Brochure |
Location
Gallery
