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Bushland Shopping Center Investment Opportunity

18500 W Interstate Hwy 40, Amarillo, TX

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For Sale

Contact for pricing

Value-add shopping center with significant income growth potential.

Type:RETAIL

Property size:

9,000 SF

Lot size:

1.84 Acres

Price / SF:

$125/SF

HighLights

Proforma CAP rate of 14.6% achievable by filling vacant suites, offering significant upside.
Opportunity to increase Net Operating Income (NOI) by $83,285 through lease‑up of vacant suites.
Newly constructed in 2020, minimizing potential maintenance costs.
Located on I‑40 (Rt. 66) with high traffic count (21,246 VPD), providing excellent exposure.
Anchored by Anytime Fitness, a recognizable and stable tenant.
Potential for over 20% IRR in 2 years with professional management and leasing.

We can help!

Listing Contact

Ethan Offenbecher

Learn more

For Sale

Contact for pricing

Value-add shopping center with significant income growth potential.

Type:RETAIL

Property size:

9,000 SF

Lot size:

1.84 Acres

Price / SF:

$125/SF

Added:: May 12, 2025
Days on Market:: 393
Last Refresh:: May 20 at 8:08 pm

Property Features for 18500 W Interstate Hwy 40

General Information

Standard status: Active
Size: 9,000 SF
Lot size: 1.84 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Ethan Offenbecher

Listing agent Ethan Offenbecher

Listing office Sands Investment Group (SIG) | Austin

Listing date May 12, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group (SIG) | Austin

HighLights

Proforma CAP rate of 14.6% achievable by filling vacant suites, offering significant upside.
Opportunity to increase Net Operating Income (NOI) by $83,285 through lease‑up of vacant suites.
Newly constructed in 2020, minimizing potential maintenance costs.
Located on I‑40 (Rt. 66) with high traffic count (21,246 VPD), providing excellent exposure.
Anchored by Anytime Fitness, a recognizable and stable tenant.
Potential for over 20% IRR in 2 years with professional management and leasing.

Overview

The Bushland Shopping Center, located at 18746 West Interstate Highway 40 in Bushland, TX, offers a value-add investment opportunity. Constructed in 2020, this 9,000 SF shopping center is currently 65% occupied and anchored by Anytime Fitness. The property provides an opportunity to increase net operating income by leasing the two vacant suites. With excellent exposure on I-40 (Rt 66), the property benefits from high traffic volume, with 21,246 vehicles per day on the primary east/west route connecting Oklahoma City, OK, to Albuquerque, NM. The property is located just 4 miles west of Cadillac Ranch, a popular tourist attraction, and 8 miles west of South Soncy Rd and Coulter Street South, the growth corridor of Amarillo, TX. This location provides significant upside for investors. The property is valued at a 7.20% CAP on actuals, with a proforma CAP of 14.6%, and a 2-year IRR of over 24%.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$135.0k	$15.00
− Vacancy	−$10.8k	−$1.20
EGI	$124.2k	$13.80
− OpEx	−$37.3k	−$4.14
NOI	$86.9k	$9.66

9,000 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.24M

$1.09M – $1.45M (±1% cap)

NOI $86,940 @ 7.0% cap · market cap 7.73%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.01M

$1.76M – $2.34M (±1% cap)

NOI $140,659 @ 7.0% cap · market cap 12.50%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Strip malls

Map

City: Amarillo
County: Randall
State: Texas
Longitude: -101.824
Latitude: 35.2008

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For sale
Strip malls
TX
Amarillo
18500 W Interstate Hwy 40

What type of property is this?

Strip mall - Value-add shopping center with significant income growth potential.

Where is this strip mall located?

The property is located at 18500 W Interstate Hwy 40 Amarillo, TX.

What is the asking price?

The asking price for this property is $1,125,000.

What are key features of this property?

This property features: Proforma CAP rate of 14.6% achievable by filling vacant suites, offering significant upside.; Opportunity to increase Net Operating Income (NOI) by $83,285 through lease‑up of vacant suites.; Newly constructed in 2020, minimizing potential maintenance costs.

18500 W Interstate Hwy 40, Amarillo, TX

Value-add shopping center with significant income growth potential.

Property Features for 18500 W Interstate Hwy 40

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Map

Nearby Similar for Sale

Functional Commercial Property in Amarillo

Modern Office Building

Former Truck Shop with Bays

Established Auto Repair Business

Amarillo Commercial Property on I-40

Commercial Property Near Downtown Amarillo

Downtown Flex Retail Building

Commercial Property in Southwest Amarillo

Highway Frontage Commercial Opportunity

Professional Office Property in Amarillo

Turn-Key Amarillo Commercial Property

Shop/Office Property on 7 Acres

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