Amarillo Plaza – Building B

Price: $2,875,000
Sq. Ft.: 11,200
Cap Rate: 7.25%
Built: 2004
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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.

  • 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
  • Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net
  • Anchored by CATO | Tenants are a Complementary Mix of National and Local Retailers
  • Building has a Metal Roof
  • Situated on a 1.45-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 | National Retailers Include Dollar Tree, Subway, AT&T, 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 132,693 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