Walgreens Drug
For Sale
Contact for pricing
2601 S Georgia St, Amarillo, TX 79109
Retail property built in 2001 with an established drug-store format.
Property Size14,490 SF
Price / SF$297.16
Days on Market150
Property Features for 2601 S Georgia St
General Information
Standard status
Active
Size
14,490 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$366,000
Additional Details
Cap Rate
8.5%
Building Details
Year Built
2001
Tenancy
Single
Listing Agency:
Stream Capital Partners
Listed By:
Jordan Shtulman · License #475152062
(312) 899-6664
Source:
Crexi
Added: Apr 6
Changed: Sep 2
Last Checked: Sep 1 at 1:18AM
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 Stream Capital Partners
Investment Insights
Based on property information with market context.
This drug-store property at 2601 S Georgia St in Amarillo, Texas, contains 14,490 square feet and was built in 2001. The asset is identified as Walgreens and is presented as a retail offering.
The property is located in Amarillo, TX 79109. Public offering information reports an 8.50% CAP rate for the property.
The property is located in Amarillo, TX 79109. Public offering information reports an 8.50% CAP rate for the property.
Key Highlights
- 14,490‑square‑foot drug‑store property
- Built in 2001
- Located at 2601 S Georgia St, Amarillo, TX 79109
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$171,620
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,432,400
$3.4M
Cap Rate 7%
$2,451,714
$2.5M
Cap Rate 9%
$1,906,889
$1.9M
Market Conditions
NOI Build-Up for 14,490 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$243.4K $16.80/SF
− Vacancy
−$14.6K −$1.01/SF
EGI
$228.8K $15.79/SF
− OpEx
−$57.2K −$3.95/SF
NOI
$171.6K $11.84/SF
Area
Amarillo, TX
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,432,400
Cap Rate 7%
$2,451,714
Cap Rate 9%
$1,906,889
Alternative Uses
Best Use
Specialty Retail
$2.45M
$2.15M – $2.86M
NOI $171,620 @ 7.0% cap · market cap 3.99%
Second Best
Retail
$2.00M
$1.75M – $2.33M
NOI $139,973 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$3.24M
$2.83M – $3.77M
NOI $226,461 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,318
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Market Street Pharmacy — 2530 S Georgia St, Amarillo, TX 79109
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- Allison Walker — 2530 S Georgia St, Amarillo, TX 791091927
- Walgreens Pharmacy — 2601 S Georgia St, Amarillo, TX 79109
- Israel O. Gamboa, Pharm — 2601 South Georgia Street, Amarillo, TX 79109, 2601 S Georgia St, Amarillo, TX 79109, United States
Frequently Asked Questions
What type of property is this?
Drug store - Retail property built in 2001 with an established drug-store format.
Where is this drug store located?
The property is located at 2601 S Georgia St Amarillo, TX.
What is the asking price?
The asking price for this property is $4,305,882.
What are key features of this property?
This property features: 14,490‑square‑foot drug‑store property; Built in 2001; Located at 2601 S Georgia St, Amarillo, TX 79109
