Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an 11,200-square-foot, multi-tenant retail center located in Amarillo, Texas. The center is currently 100 percent leased, and all leases are triple-net. Anchored by CATO, the tenant base is a complementary mix of national and local retailers including GameStop, Fred Loya Insurance, Magic Nails, and Vapor 100. Constructed in 2004, the building is positioned on a 1.45-acre parcel with ample paved parking. A large double-sided monument sign faces West Amarillo Boulevard providing additional exposure to the center. Amarillo Plaza - Building B is located on Amarillo Boulevard near the signalized intersection with Tascosa Road/Gem Lake Road. Traffic counts along Amarillo Boulevard exceed 22,500 vehicles per day. The subject property is shadow-anchored by a high-ranking Walmart Supercenter, with approximately 2.9 million visits annually (source: Placer.ai), and Lowe's Home Improvement. Nearby national and regional retailers include Dollar Tree, Subway, AT&T, Advance Auto Parts, Sonic Drive-In, Walgreens, United Supermarkets, Wingstop, Feng Cha, T-Mobile, Wendy's, McDonald's, Chick-fil-A, O'Reilly's Auto Parts, Starbucks, Tractor Supply Co., and many others. The surrounding area is densely populated with over 132,693 residents within a five-mile radius, having an average household income of approximately $73,779.