5752 Amarillo BlvdAmarillo, TX 79106

For Sale
$2,907,000

15,200 SF, 100% Occupied, NNN Leases

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 15,200-square-foot retail center in Amarillo, Texas, presents a compelling investment opportunity. Located at 5752 W Amarillo Blvd, this 2.08-acre property boasts a prime location, shadow-anchored by a high-traffic Walmart Supercenter and Lowe's Home Improvement, ensuring consistent customer flow. The center is currently 100% occupied by three national tenants, including a high-performing Dollar Tree that recently renewed its lease for five years. All leases are triple-net (NNN), minimizing landlord responsibilities and maximizing return. Built in 2005, the building features a durable metal roof and ample paved parking. A double-sided monument sign provides excellent visibility on Amarillo Boulevard, which sees over 22,500 vehicles daily. The property benefits from a dense retail trade area and a strong surrounding population of over 134,183 residents within a five-mile radius. The asking price is $2,907,000, representing a 7.47% cap rate and a price per square foot of $191.25. The strong tenant mix, prime location, and favorable lease terms make this a highly attractive investment. The property's Net Operating Income (NOI) is $217,215. This is a rare opportunity to acquire a well-performing retail center in a thriving market.

Highlights

  • 15,200-square-foot multi-tenant retail center in Amarillo, TX.
  • Amarillo Plaza - Buildings A & B are available for individual or portfolio acquisition.
  • Shadow-anchored by Walmart and Lowe's, boasting high consumer traffic.
  • 100% occupied by national retailers with triple-net leases.
  • Dollar Tree, a top-performing anchor tenant, recently signed a five-year lease renewal.
  • Features a metal roof, a 2.08-acre lot with ample parking, and double-sided monument signage.

Property Details for 5752 Amarillo Blvd

Property type
Lifestyle centers, Power centers
Square Feet
15,200 SF
Year Built
2005
Lot Size (sq. ft)
90,605 SF
Units
3

Location Insight

City
Amarillo
County
Potter
State
Texas
Latitude
35.212112355577
Longitude
-101.90364745601
5752 Amarillo Blvd, Amarillo, Texas

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5752 Amarillo Blvd
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