Building Details

Year Built 2001

Tenancy Single

Listing Agency: Stream Capital Partners

Listed By: Jordan Shtulman · License #475152062 Show Phone

Source: Crexi

Added: Apr 6 Changed: Oct 12 Last Checked: Oct 16 at 8:36AM

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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

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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.

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 / Yr

$171,620

Cap Rate

3.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,432,400 $3.4M

Cap Rate 7%

$2,451,714 $2.5M

Cap Rate 9%

$1,906,889 $1.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,490 SF

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 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 (±1% cap)

NOI $171,620 @ 7.0% cap · market cap 3.99%

Second Best

Retail

$2.00M

$1.75M – $2.33M (±1% cap)

NOI $139,973 @ 7.0% cap · market cap 3.25%

Theoretical Best

Office A

$3.24M

$2.83M – $3.77M (±1% cap)

NOI $226,461 @ 7.0% cap · market cap 5.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Walgreens Pharmacy Pharmacy Walgreens Photo (Bike/Boat/Book/etc) Store Israel O. Gamboa, ... Pharmacy Coinhub Bitcoin ATM ... Atm Redbox Cinema

Suggested Use

Top Pick HVAC Service Grocery & Convenience Store Locksmith Catering Service (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

• Market Street Pharmacy — 2530 S Georgia St, Amarillo, TX 79109
• United Pharmacy — 2530 S Georgia St, Amarillo, TX 79109
• 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