5722 Amarillo Blvd Amarillo, TX 79106
- Lifestyle centers
- 11,200 SF
- 1.45 lot acres
Current Use by Public Records
- K&B Plaza / Shopping Mall
- GameStop / Video Game Store / Game Store
- Cato Fashions / Women'S Clothing Store
- Cash Store / Loan Agency
- CoinFlip Bitcoin ATM / Currency Exchange Service / Investment Service
Property Details for 5722 Amarillo Blvd
- Year built
- 2004
- Lot size
- 1.45 lot acres
- Property size
- 11,200 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 11,200-square-foot multi-tenant retail center in Amarillo, Texas, presents a compelling investment opportunity. Boasting a 7.32% cap rate and 100% occupancy, the property features five tenants in a mix of national and local retailers, anchored by Cato. Built in 2004, this fully stabilized asset sits on a 1.45-acre lot with ample parking and a double-sided monument sign for optimal visibility. The property benefits from a prime location on Amarillo Boulevard, near the intersection of Tascosa Road/Gem Lake Road, experiencing traffic counts exceeding 22,500 vehicles daily. Its strategic shadow-anchoring by a high-traffic Walmart Supercenter and Lowe's Home Improvement further enhances its appeal. All leases are triple-net (NNN), minimizing landlord responsibilities. The building features a metal roof and is part of the Amarillo Plaza portfolio, offering the potential for acquisition of both Building A and B. The surrounding area is densely populated, with over 132,693 residents within a five-mile radius. This property represents a strong, stable investment in a thriving retail market. The asking price is $2,875,000, with a price per square foot of $256.70 and a net operating income (NOI) of $210,393. The property includes six units.
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
- Potter
- State
- Texas
- Longitude
- -101.90409307477
- Latitude
- 35.212115299642
