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Property Description
1222 S. Buchanan Street presents an opportunity to acquire a single-tenant net leased investment property in Amarillo, Texas. The building is occupied by Mayesh Wholesale Florist, a national wholesale floral distributor with 24 locations across 14 states. Offered at $215,000, the property generates current NOI of $21,600 and is priced at a 10.0% cap rate. The NNN lease structure minimizes landlord responsibilities while providing stable cash flow. Lease terms include 4% annual rent increases, creating built-in income growth over the term. Conveniently located near downtown Amarillo with easy access to Interstate 40, this property offers investors a combination of strong cash flow, contractual rent growth, and a nationally recognized tenant.

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