Property profile

2511 Paramount Blvd Amarillo, TX 79109

FOR LEASE
Lifestyle centers
Property ID
US82-1096528
610,243 SF
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Property summary

AI-generated overview

This exceptional investment opportunity presents a portfolio of ten strategically located shopping centers spanning across West Texas and the Panhandle. Encompassing a substantial 610,243 square feet of retail space, the portfolio boasts a diverse tenant mix including national brands like Dollar General, Dollar Tree, Tractor Supply, Goodwill, Subway, Little Caesars, and United Supermarkets, alongside regional and local businesses such as Rent A Center and Big R Stores. Currently operating at 56.6% occupancy, this value-add opportunity offers significant upside potential. The portfolio is priced attractively at $42.25 per square foot, with average rents considerably below market averages, presenting a compelling return on investment. The properties are situated in Amarillo (multiple locations), Dumas, Hereford, Plainview (multiple locations), and San Angelo, Texas, offering geographic diversification and access to established markets. Detailed financial information and property-specific data are available upon request. This portfolio represents a rare chance to acquire a substantial retail footprint in a growing region with strong potential for increased occupancy and rental income. The diverse tenant base provides stability and resilience, while the below-market rents offer immediate opportunities for value enhancement. This is an ideal acquisition for investors seeking a significant value-add opportunity in the Texas retail market.

Property profile

Verified
Property type Lifestyle centers
Total area 610,243 SF
UPID US82-1096528

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service
  • Tattoo & Piercing Shop
  • Alternative Medicine Practice Spa & Massage Center
  • Hardware & Home Improvement Building Supply
  • Bar & Pub

Location

2511 Paramount Blvd Amarillo, TX 79109
Amarillo metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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