- For Sale $745,000
- Property Type Retail
- Property Size 12,000 SF
- Lot Size 2 Acre
- Cap Rate % 9.53
- NOI / YR $71,000.00
- Date Updated Jun 5, 2026
Description
Retail | 9.53% CAP | 12,000 SqFt
Marketing description
Broken Horn Steakhouse is positioned as a full-service steakhouse and event-oriented hospitality asset in Perryton, Texas. Based on the deal inputs previously provided, the offering is underwritten on an illustrative real estate price basis of $650,000 and trailing net operating income of approximately $71,000. On that basis, the implied real estate cap rate is approximately 10.9%, creating a compelling yield profile for investors seeking a small-market hospitality asset with in-place cash flow, owner-operator appeal, and potential upside through food and beverage optimization, events, and operating efficiencies.
Investment highlights
Price $745,000
Provided NOI basis of approximately $71,000
Implied cap rate of about 9.53%
Restaurant and event-venue positioning
Service area draw with Perryton / Ochiltree County
Potential owner-user or passive investment play
False
Contacts
FIMC Commercial Realty
Location
Located at 520 Southeast 24th Avenue, Amarillo, TX 79109, this property is part of the Wolfin Historic District neighborhood and Amarillo market.
FIMC Commercial Realty
