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8600 SW 34th AveAmarillo, TX 79119
Havertys Furniture Amarillo, TX
Asset ClassRetail
Absolute Net Lease with 4.3 Years Remaining
Overview
Situated on a 4.79-acre signalized hard corner at Soncy Road and SW 34th Avenue—one of Amarillo’s busiest retail intersections with over 43,000 vehicles per day—this property offers exceptional visibility and access within the city’s primary commercial corridor. Havertys Furniture has operated at this location for more than 30 years and recently exercised its renewal option, extending the lease term with a 6% rent increase, underscoring long-term commitment to the site. Positioned within the dominant West Amarillo retail node near The property benefits from a dense trade area, strong regional connectivity, and below-market in-place rent that provides upside potential.
Investment Highlights
- 30+ Year Operating History | Recently Exercised: The tenant has exercised its renewal option, extending the lease term with a contractual 6% rent increase commencing September 1, 2027. The store opened in 1996, demonstrating long-term commitment through over 30 years of continuous operation at this location.
- Below-Market Rent at $5.62/SF: In-place rent is below market for comparable retail space along Soncy Road, a primary commercial corridor in west Amarillo. The rent basis provides flexibility relative to surrounding big-box and junioranchor tenancy within the corridor.
- Access and Visibility at Soncy Road and SW 34th Avenue | 43,666 VPD at One of Amarillo’s HighestTraffic Non-Interstate Intersections: The intersection draws traffic from both commuter and retail patterns, with Soncy Road serving as a primary north–south commercial corridor linking Loop 335 and major retail centers.
- 4.79-Acre Signalized Hard Corner Within Amarillo’s Primary Retail Corridor: The large corner site allows for multiple access points and strong frontage along both roadways. The scale and configuration support large-format retail use and future adaptability within a high-demand area.
- 121,367 Residents and 124,205 Daytime Population Within 5 Miles Supporting Retail Demand: The surrounding area benefits from Amarillo’s diverse employment base, including major employers such as Tyson Foods, Bell, Baptist St. Anthony’s Health System, and CNS Pantex. These employers support a stable workforce that drives consistent daily retail demand across the corridor
- Positioned Within Dominant West Amarillo Retail Node Anchored by Westgate Mall an 884,000+ SF Destination Featuring 100+ Retailers: The property is located within the city’s primary retail concentration, surrounded by national tenants including Walmart, Target, Lowe’s, Home Depot, and Sam’s Club, along with regional draws like Westgate Mall and Shops at Soncy, creating layered destination traffic.
- Direct Connectivity to Loop 335, I-27, and I-40 Supporting Regional Traffic Flow: Soncy Road provides immediate access to Loop 335, which links west Amarillo to Interstate 27 and Interstate 40. This network connects residential growth areas, retail corridors, and regional distribution routes
- Haverty Furniture Companies, Inc. (NYSE: HVT, HVT.A) — Publicly Traded Furniture Retailer With 129 Locations Across 17 States: Haverty Furniture Companies, Inc. (NYSE: HVT, HVT.A) operates a network of 129 showrooms across the Southern and Midwestern United States, offering a full assortment of residential furniture and home décor.
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8600 SW 34th AveAmarillo, TX 79119
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Listing provided by LightBox Revere