Family Dollar Grocery
For Sale
Contact for pricing
900 Northeast 24th Avenue, Amarillo, TX 79107
Established retail building constructed in 2015 and associated with the Family Dollar brand.
Property Size8,320 SF
Price / SF$173.50
Days on Market15
Property Features for 900 Northeast 24th Avenue
General Information
Standard status
Active
Size
8,320 SF
Total Parking Spaces
43
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$115,484
Building Details
Year Built
2015
Stories
1
Tenancy
Single
Listing Agency:
Schuchert Retail Group
Listed By:
Jim Schuchert · License #01969414
Source:
Crexi
Added: Aug 10
Changed: Aug 21
Last Checked: Aug 23 at 8:26AM
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 Schuchert Retail Group
Investment Insights
Based on property information with market context.
The property is a 8,320-square-foot grocery and convenience store associated with the Family Dollar brand. Built in 2015, the building is configured for retail operations and occupies a commercial site at 900 Northeast 24th Avenue.
The property is located in Amarillo, Texas, within ZIP Code 79107. Its established construction date and identified retail format provide a straightforward profile for evaluation by buyers seeking a branded grocery and convenience store asset.
The property is located in Amarillo, Texas, within ZIP Code 79107. Its established construction date and identified retail format provide a straightforward profile for evaluation by buyers seeking a branded grocery and convenience store asset.
Key Highlights
- 8,320‑square‑foot grocery and convenience store
- Associated with the Family Dollar brand
- Built in 2015
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
$98,542
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
6.83%
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%
$1,970,840
$2.0M
Cap Rate 7%
$1,407,743
$1.4M
Cap Rate 9%
$1,094,911
$1.1M
Market Conditions
NOI Build-Up for 8,320 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
$139.8K $16.80/SF
− Vacancy
−$8.4K −$1.01/SF
EGI
$131.4K $15.79/SF
− OpEx
−$32.8K −$3.95/SF
NOI
$98.5K $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%
$1,970,840
Cap Rate 7%
$1,407,743
Cap Rate 9%
$1,094,911
Alternative Uses
Best Use
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,542 @ 7.0% cap · market cap 6.83%
Second Best
Retail
$1.15M
$1.00M – $1.34M
NOI $80,371 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,032 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79107, TX
37,480
Population
12,346
Households
3
Avg Household Size
34
Median Age
6%
College-Educated
61%
High-School Grad
19.6 sq mi
ZIP Area
1,912
Density / Sq Mi
$39,474
Median Household Income
$28,084
Median Earnings
$1,016
Median Rent
$88,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established retail building constructed in 2015 and associated with the Family Dollar brand.
Where is this grocery and convenience store located?
The property is located at 900 Northeast 24th Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $1,443,500.
What are key features of this property?
This property features: 8,320‑square‑foot grocery and convenience store; Associated with the Family Dollar brand; Built in 2015
