Marcus & Millichap is pleased to present the opportunity to acquire a 15,200-square-foot, multi-tenant retail center located in Amarillo, Texas. Amarillo Plaza – Building A is currently 100 percent occupied with national tenants; anchored by a top-ranking Dollar Tree, other tenants consist of Subway and AT&T. All leases are triple-net and included options for renewal with scheduled rent increases. Constructed in 2005, the building is positioned on a 2.08-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 A 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 traffic Walmart Supercenter, serving approximately 2.9 million visits annually, and Lowe’s Home Improvement. Nearby national and regional retailers include CATO, Advance Auto Parts, Sonic Drive-In, Walgreens, United Supermarkets, Wingstop, Feng Cha, T-Mobile, Wendy’s, McDonald’s, Chick-fil-A, O’Reilly Auto Parts, Starbucks, Tractor Supply Co., and many others. The surrounding area is densely populated with over 134,183 residents within a five-mile radius, having an average household income of approximately $74,337.
- 15,200-Square-Foot, Multi-Tenant Retail Center
- Part of a Portfolio | Amarillo Plaza – Building A and Building B are Located Directly Across from Each Other | May be Purchased Together or Separately
- 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)
- 100% Occupied | All Leases are Triple-Net | 100% Leased to National Retailers
- Anchored by Dollar Tree | Dollar Tree at this Location Ranks in the 77th Percentile Both Nationally and in the State of Texas Based on Consumer Traffic (Source: Placer.ai)
- Building has a Metal Roof | Situated on a 2.08-Acre Parcel with Ample Paved Parking | Double-Sided Monument Sign Provides Additional Exposure to the Center
- Located Near the Signalized Intersection of Amarillo Boulevard and Tascosa Road/Gem Lake Road | Traffic Counts Exceed 22,500 Vehicles Per Day
- Dense Retail Trade Area | Neighboring Retailers Include CATO, Advance Auto Parts, Sonic Drive-In, Walgreens, Wingstop, T-Mobile, Wendy’s, McDonald’s, Chick-fil-A, Starbucks, and Many Others
- Densely Populated Surrounding Area with 134,183 Residents Within Five Miles of the Property
- Amarillo is the Largest City in the Texas Panhandle and Serves as the Retail Hub for a Surrounding Population of 310,000 People
