Property profile

7200 Mccormick Rd Amarillo, TX 79118

FOR LEASE
Grocery and convenience stores
Property ID
US82-6209982
7,142 SF 2.33 ac lot Built 2020
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2020
Total area 7,142 SF
Lot 2.33 ac (101,495 SF)
APN 295710
UPID US82-6209982

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
  • Restaurant
  • Hardware & Home Improvement Home Appliance Store
  • Gas Station
  • Restaurant
  • Discount Store Party Supply Store

Location

7200 Mccormick Rd Amarillo, TX 79118
Amarillo metro Census 21705 AMARILLO, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.30M
Comparable Approach Comparable
$993k
Blend (final) Blend
$1.15M

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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