Amarillo Plaza - Building B
11,200 SF | 100% Leased | Retail Building | Amarillo, TX 79106 | $2,875,000 ($257/SF) | 7.25% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $2,875,000
- Property Type
-
Retail
- Square Feet
- 11,200 SF
- Price / Square Foot
- $257
Listing Contacts
Philip Levy
Verified Profile
- Property Info
Property Overview
Marcus & Millichap is pleased to present the opportunity to acquire an 11,200-square-foot, multi-tenant retail center located in Amarillo, Texas. The center is currently 100 percent leased, and all leases are triple-net. Anchored by CATO, the tenant base is a complementary mix of national and local retailers including GameStop, Fred Loya Insurance, Magic Nails, and Vapor 100. Constructed in 2004, the building is positioned on a 1.45-acre parcel with ample paved parking. A large double-sided monument sign faces West Amarillo Boulevard providing additional exposure to the center.
Amarillo Plaza - Building B is located on Amarillo Boulevard near the signalized intersection with Tascosa Road/Gem Lake Road. Traffic counts along Amarillo Boulevard exceed 22,500 vehicles per day. The subject property is shadow-anchored by a high-ranking Walmart Supercenter, with approximately 2.9 million visits annually (source: Placer.ai), and Lowe's Home Improvement. Nearby national and regional retailers include Dollar Tree, Subway, AT&T, Advance Auto Parts, Sonic Drive-In, Walgreens, United Supermarkets, Wingstop, Feng Cha, T-Mobile, Wendy's, McDonald's, Chick-fil-A, O'Reilly's Auto Parts, Starbucks, Tractor Supply Co., and many others. The surrounding area is densely populated with over 132,693 residents within a five-mile radius, having an average household income of approximately $73,779.
Amarillo Plaza - Building B is located on Amarillo Boulevard near the signalized intersection with Tascosa Road/Gem Lake Road. Traffic counts along Amarillo Boulevard exceed 22,500 vehicles per day. The subject property is shadow-anchored by a high-ranking Walmart Supercenter, with approximately 2.9 million visits annually (source: Placer.ai), and Lowe's Home Improvement. Nearby national and regional retailers include Dollar Tree, Subway, AT&T, Advance Auto Parts, Sonic Drive-In, Walgreens, United Supermarkets, Wingstop, Feng Cha, T-Mobile, Wendy's, McDonald's, Chick-fil-A, O'Reilly's Auto Parts, Starbucks, Tractor Supply Co., and many others. The surrounding area is densely populated with over 132,693 residents within a five-mile radius, having an average household income of approximately $73,779.
Property Details
- Class
- B
- Year Built
- 2004
- Stories
- 1
- Lot Size (sq. ft)
- 63,162 SF
Highlights
- 11,200-Square-Foot, Multi-Tenant Retail Center
- Shadow-Anchored by Walmart Supercenter and Lowe's Home Improvement
- Walmart is a High-Ranking Location, Reporting Approximately 2.9 Visits Annually Based on Consumer Traffic (Source: Placer.ai)
- Part of a Portfolio | Amarillo Plaza - Building A and Building B are Located Directly Across from Each Other | May be Purchased Together or Separately
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