Retail Property in High-Traffic
For Sale
Contact for pricing
2100 S Georgia St, Amarillo, TX 79109
Freestanding retail building in Amarillo's established retail corridor.
Property Size5,895 SF
Lot Size0.29 Acres
Price / SF$161.15
Days on Market217
Property Features for 2100 S Georgia St
General Information
Standard status
Active
Size
5,895 SF
Lot size
0.29 Acres
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Building Details
Year Built
1972
Year Renovated
2003
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Colliers - Dallas, Texas
Listed By:
William Paredes · License #765283
(214) 695-1441
Source:
Crexi
Added: Mar 4
Changed: Oct 2
Last Checked: Oct 7 at 11:50AM
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 Colliers - Dallas, Texas
Investment Insights
Based on property information with market context.
This single-tenant retail property is leased to Rent-A-Center and located at 2100 S Georgia Street, Amarillo, TX 79109. The property includes a 5,895 square foot freestanding building on 0.29 acres. It is situated in the heart of Amarillo’s established south-central retail corridor. The property is strategically positioned along South Georgia Street, a primary north-south artery with over 25,000 vehicles per day, providing excellent visibility and access to surrounding neighborhoods and major retailers. The site is among numerous neighborhood shopping centers with essential national and regional retailers, ensuring a steady customer base and consistent retail traffic. The property is leased to Rent-A-Center Texas, LP, a subsidiary of Upbound Group, Inc. (NASDAQ: UPBD), under a double net (NN) lease structure. The current lease term runs through December 31, 2033, and includes a 30% rent increase on January 1, 2028. There are also two five-year renewal options at 10% rent increases each term. Rent-A-Center has operated at this location for over 25 years, demonstrating long-term commitment to the market and success within this trade area. Amarillo continues to experience steady economic and population growth, supported by a diversified employment base and strong retail fundamentals.
Key Highlights
- Long‑term lease with Rent‑A‑Center through December 31, 2033, providing secure cash flow.
- Strategic location on South Georgia Street with high‑traffic.
- Double Net (NN) lease structure minimizes landlord responsibilities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,946
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,138,920
$1.1M
Cap Rate 7%
$813,514
$813.5K
Cap Rate 9%
$632,733
$632.7K
Market Conditions
NOI Build-Up for 5,895 SF
Gross rent
$88.4K $15.00/SF
− Vacancy
−$7.1K −$1.20/SF
EGI
$81.4K $13.80/SF
− OpEx
−$24.4K −$4.14/SF
NOI
$56.9K $9.66/SF
Area
Amarillo, TX
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,138,920
Cap Rate 7%
$813,514
Cap Rate 9%
$632,733
Alternative Uses
Best Use
Retail
$813.5K
$711.8K – $949.1K
NOI $56,946 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,132 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,529
Businesses Nearby
Explore this area
Business Placement
Demographics for 79109, TX
42,509
Population
20,308
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
10.3 sq mi
ZIP Area
4,127
Density / Sq Mi
$68,579
Median Household Income
$41,410
Median Earnings
$945
Median Rent
$217,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail building in Amarillo's established retail corridor.
Where is this retail space located?
The property is located at 2100 S Georgia St Amarillo, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Long‑term lease with Rent‑A‑Center through December 31, 2033, providing secure cash flow.; Strategic location on South Georgia Street with high‑traffic.; Double Net (NN) lease structure minimizes landlord responsibilities.
