Wednesday, September 22nd, 2021

FIMC Realty is pleased to offer an 11,000 foot net leased building for sale in Canyon, Texas.​ At $2,750,000 the property is being sold debt free at a capitalization rate of 6%.​ The property is occupied by a brand new AutoZone 10 year lease with a rent bump in year five, with five year leases on Cloud Nails & Spa and an ATT Retail store.​ The property is located directly across the street from West Texas A&M University, a growing regional university started 110 years ago, with over 10,000 students excelling in wind energy, business, engineering, agriculture, veterinary sciences, communications, and nursing curriculums.​ Recently the University completed an 8,500 capacity football stadium and a $20,000,000 dollar sports complex both located just east of the subject property.​
Canyon is the county seat for Randall County and is just 18 minutes away from downtown Amarillo, a city with a population of over 200,000 offering a variety of employment opportunities and entertainment venues.​ Canyon is home to the Palo Duro Canyon State Park, the nation’s second largest canyon, drawing 400,000 annual visitors to the region.​ Canyon is also home to the Panhandle Plains Historical Museum, the state’s largest historical museum, drawing 55,000 visitors annually.​