Greyhound Lines Service Garage, Amarillo, TX
$800,000
400 South Monroe Street, Amarillo, TX 79101
10
Cap Rate
79,800
NOI
Details:
Description:
Coats Commercial Group is pleased to present for sale the Greyhound Lines Service Garage in Amarillo, TX. Greyhound has occupied this property for over 20 years. The current lease extension commences October 21, 2024 for a term of 90 months ending April 20, 2032. The Lease is a triple-net lease with minimal Landlord responsibilities. The investor will benefit from 3.5% annual rent escalations. The property is located in Downtown Amarillo, TX and is one mile from the City of Amarillo Multimodal Bus Station. The Tenant, Greyhound Lines, Inc, is part of Flix SE, a global travel technology company operating in 40+ countries across four continents. Flix SE acquired Greyhound on October 21, 2021, combining FlixBus's innovaative technology with Greyhound's extensive nationwide network and experience.
The property is located in Downtown Amarillo, TX. It is surrounded by industrial properties and one mile from the City of Amarillo Multimodal Bus Station. Amarillo is located in the Texas Panhandle along Interstate Hwy 40.
NNN Lease Investment
10% Cap Rate
3.5% Annual Rent Escalations
Lease Term - 90 Months
Documents:
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| 400 S Monroe - Sales Brochure |
Location
Gallery
