Amarillo Plaza - Building B 5722 W Amarillo Blvd

Investment Highlights

11,200-Square-Foot, Multi-Tenant Retail Center Walmart is a High-Ranking Location, Reporting Approximately 2.9 Visits Annually Based on Consumer Traffic (Source: Placer.ai) Shadow-Anchored by Walmart Supercenter and Lowe's Home Improvement Part of a Portfolio | Amarillo Plaza - Building A and Building B are Located Directly Across from Each Other | May be Purchased Together or Separately

Executive Summary

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.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Retail
• Building Size    11,200
• Building Class    B
• Year Built    2004
• Price    2,875,000
• Price Per SF    257
• Cap Rate    7.25
• NOI    208,393
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.18
• Land Acres    1.45 AC