For Lease
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Property summary
This exceptional retail property, located at 7200 McCormick in Amarillo, Texas, presents a unique investment opportunity. Situated at the northeast corner of I-27 and McCormick Road, this development offers unparalleled visibility and accessibility. The 110,520 square foot retail center, currently under construction, features a modern strip center and a stand-alone pad site. Three spaces are available, ranging from 4,500 to 87,120 square feet, with a minimum divisible space of 4,500 square feet and a maximum contiguous space of 7,200 square feet. Currently, 11,700 square feet of space is vacant. The property sits on 1-2 acres and is zoned OCL. Its strategic location benefits from high traffic counts due to its proximity to I-27 on and off ramps, and its adjacency to The Station Convenience Store. This development is ideally suited for businesses seeking high visibility and easy access in a rapidly growing commercial area south of Amarillo, within Randall County (zip code 79118). The property offers a dynamic commercial environment, providing an excellent opportunity for long-term success. This is a prime location for businesses looking to capitalize on the significant commercial development growth in the area. The pad site is available for build-to-suit or ground lease opportunities.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Hardware & Home Improvement Home Appliance Store
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Gas Station
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Restaurant
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Discount Store Party Supply Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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