Shopping Strip

The Village on Bell

3309 Bell St, Amarillo, TX 79106

Listing Price: $6,500,000

Cap Rate
6.79%
Gross SF
105,858
Rentable SF
105,858
Price/Gross SF
$61.40
Lot Size
7.52 acres
Year Built
1963

Investment Overview

Village on Bell is a 105,858-square foot, neighborhood shopping center located Amarillo, Texas. Located in a densely populated and highly trafficked area, Village on Bell presents investors with an excellent opportunity to acquire a cash flowing retail center with significant value enhancement opportunities. The Property is currently 58% occupied and with significant upside via vacancy absorption and strategic repositioning of the former Stein Mart (34.33% of gross leasable area) at long term market rates. Village on Bell is anchored by Party City and offers a diverse roster of essential service based tenants with strong in-place cash flow. The leases in the Center are structured as a mix of net and gross leases with escalations and options providing stable cash flow. Originally constructed in 1963, the buildings are situated on a large 7.5-acre lot, offering ample parking, multiple points of ingress/egress, excellent signage and unobstructed visibility from the highly trafficked Bell Street with over 22,000 vehicles per day.

Investment Highlights

  • 105,858-Square Foot, Neighborhood Shopping Center Located in a Densely Populated Area of Amarillo, Texas
  • Tremendous Value-Add Opportunity | 58% Occupied with Significant Upside in Leasing the Vacancy and Strategic Repositioning of the Former Stein Mart (34.33% of the GLA) at Long Term Market
  • Tenant Base is a Complementary Mix of Service Oriented, Internet Resistant Businesses

Exclusively Listed By

Shopping Strip

The Village on Bell

Listing Price: $6,500,000

Cap Rate
6.79%
Gross SF
105,858
Rentable SF
105,858
Price/Gross SF
$61.40
Lot Size
7.52 acres
Year Built
1963

Investment Highlights

  • 105,858-Square Foot, Neighborhood Shopping Center Located in a Densely Populated Area of Amarillo, Texas
  • Tremendous Value-Add Opportunity | 58% Occupied with Significant Upside in Leasing the Vacancy and Strategic Repositioning of the Former Stein Mart (34.33% of the GLA) at Long Term Market
  • Tenant Base is a Complementary Mix of Service Oriented, Internet Resistant Businesses

Investment Overview

Village on Bell is a 105,858-square foot, neighborhood shopping center located Amarillo, Texas. Located in a densely populated and highly trafficked area, Village on Bell presents investors with an excellent opportunity to acquire a cash flowing retail center with significant value enhancement opportunities. The Property is currently 58% occupied and with significant upside via vacancy absorption and strategic repositioning of the former Stein Mart (34.33% of gross leasable area) at long term market rates. Village on Bell is anchored by Party City and offers a diverse roster of essential service based tenants with strong in-place cash flow. The leases in the Center are structured as a mix of net and gross leases with escalations and options providing stable cash flow. Originally constructed in 1963, the buildings are situated on a large 7.5-acre lot, offering ample parking, multiple points of ingress/egress, excellent signage and unobstructed visibility from the highly trafficked Bell Street with over 22,000 vehicles per day.

Exclusively Listed By

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