5722 Amarillo Blvd Amarillo, TX 79106

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.