Drug Store
Walgreens
1600 S Western St, Amarillo, TX 79106
Listing Price: $4,517,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a triple-net lease Walgreens in Amarillo, Texas. The property consists of a 15,036-square-foot, freestanding building that sits on approximately 1.87 acres of land. There are approximately three years remaining on the current lease term. Walgreens has operated at this location since 2000 and exercised their first option in 2020. The lease is guaranteed by Walgreens Co., which currently has a Standard & Poor’s rating of BBB and is a Fortune 500 company. The property is located at the signalized hard corner of Western Street and Plains Boulevard, where combined traffic counts exceed 27,058 vehicles per day. The area is extremely dense with more than 157,567 residents within a five-mile radius. Surrounding retailers in the immediate area include McDonald’s, Wendy’s, IHOP, Olive Garden, Waffle House, Rudy’s Country Bar-BQ, Braum’s Ice Cream and many more.
Walgreens
Investment Highlights
- Walgreens Exercised Their First Option and has Operated at This Location Since 2000
- Signalized Hard Corner Location on Western Street and Plains Boulevard; Combined Traffic Counts Exceed 27,058 Vehicles per Day
- Dense Infill Location - More than 157,567 Residents Within a Five-Mile
- Across from the $6.5 Million Sunset Center Renovation Project that will Include the New Amarillo Arts Facility
- Near Amarillo's Medical District, Which Includes the BSA Hospital, Northwest Texas Healthcare System, the Amarillo VA, and Amarillo College West Campus
- Ease of Access to Interstate 40, the City's Main Thoroughfare
- Large 1.87 Parcel with Ample Parking and Multiple Access Points
Exclusively Listed By
Financing By
Listing Price: $4,517,000
Investment Highlights
- Walgreens Exercised Their First Option and has Operated at This Location Since 2000
- Signalized Hard Corner Location on Western Street and Plains Boulevard; Combined Traffic Counts Exceed 27,058 Vehicles per Day
- Dense Infill Location - More than 157,567 Residents Within a Five-Mile
- Across from the $6.5 Million Sunset Center Renovation Project that will Include the New Amarillo Arts Facility
- Near Amarillo's Medical District, Which Includes the BSA Hospital, Northwest Texas Healthcare System, the Amarillo VA, and Amarillo College West Campus
- Ease of Access to Interstate 40, the City's Main Thoroughfare
- Large 1.87 Parcel with Ample Parking and Multiple Access Points
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a triple-net lease Walgreens in Amarillo, Texas. The property consists of a 15,036-square-foot, freestanding building that sits on approximately 1.87 acres of land. There are approximately three years remaining on the current lease term. Walgreens has operated at this location since 2000 and exercised their first option in 2020. The lease is guaranteed by Walgreens Co., which currently has a Standard & Poor’s rating of BBB and is a Fortune 500 company. The property is located at the signalized hard corner of Western Street and Plains Boulevard, where combined traffic counts exceed 27,058 vehicles per day. The area is extremely dense with more than 157,567 residents within a five-mile radius. Surrounding retailers in the immediate area include McDonald’s, Wendy’s, IHOP, Olive Garden, Waffle House, Rudy’s Country Bar-BQ, Braum’s Ice Cream and many more.
Exclusively Listed By
Financing By
