5722 W Amarillo Blvd, Amarillo, TX 79106

Property Details for 5722 W Amarillo Blvd

Year built

2004

Lot size

1.45 lot acres

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.

Location Insight

City

Amarillo

County

Potter

State

Texas

Longitude

-101.90409307477

Latitude

35.212115299642