8761 Coulter St Amarillo, TX 79119
- Retail properties
- 78,408 SF
- 7.80 lot acres
Current Use by Public Records
- Retail properties
Property Details for 8761 Coulter St
- Year built
- 2024
- Lot size
- 7.80 lot acres
- Property size
- 78,408 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a newly constructed, 78,408 square foot Market Street grocery store in Amarillo, Texas. Situated on a 7.8-acre lot at the signalized intersection of Coulter Street and Hollywood Road, this property benefits from high visibility and exceptional daily traffic exceeding 76,000 vehicles near the site, due to its proximity to Loop 335 and I-27. The 20-year absolute NNN lease, commencing September 11, 2024, and expiring September 30, 2044, includes eight 5-year option periods and features a corporate guarantee from Albertsons Companies, Inc., the nation's second-largest grocery chain. Rent increases by 5% every five years, ensuring consistent income growth. The property boasts a strong demographic profile, with over 216,000 residents within a 10-mile radius and average household incomes exceeding $120,000 within a 1-mile radius. Surrounding residential communities include Westover Village, Heritage Hills, Hillside, Greenways, Windsor, and The Colonies. The location's proximity to Amarillo High School, Randall High School, and West Plains Junior High School further enhances its appeal. The property's NOI is $1,377,399, resulting in a 5.40% cap rate, and the asking price is $25,500,000. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential. The on-site fuel center adds further convenience and revenue potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Randall
- State
- Texas
- Longitude
- -101.919
- Latitude
- 35.117
