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Shopping Strip

Martindale Shopping Center

831 Martin Rd, Amarillo, TX 79107

Listing Price: $5,600,000

Cap Rate
7.00%
Gross SF
74,104
Rentable SF
74,104
Price/Gross SF
$75.57
Lot Size
6.90 acres
Year Built
1970

Investment Overview

Martindale Shopping Center is a value-add, multi-tenant neighborhood retail center strategically situated to serve a dense residential area in Amarillo, Texas. The center is comprised of multi-tenant and single-tenant buildings totaling 75,104 square feet of leasable area, situated on approximately 6.9 acres. Martindale Shopping Center is currently 82 percent occupied with a complementary mix of credit and local tenants. Anchored by Family Dollar and Dollar Tree, other major tenants consist of USPS, The Universal Church, Martin Road Eye Care, Boost Mobile, El Pelaton Ice Cream Shop, Fred Loya Insurance, Sun Loan, and others. Martindale Shopping Center is located on the signalized hard corner of US Route 66 and Martin Road, with tenants located on both the east and west sides of Martin Road. The property is easily accessible from multiple ingress and egress points. Cumulative traffic counts are approximately 21,500 vehicles per day. The property is well-situated to serve a dense residential community of approximately 108,146 residents within a five-mile radius. Other neighboring retailers include United Supermarkets, Aaron's, Little Caesar's Pizza, Sonic, Braum's, Rent-A-Center, Advance Auto Parts, AutoZone, O'Reilly Auto Parts, Wienerschnitzel, Cricket Wireless, among others.

Investment Highlights

  • 82% Occupied with a Complementary Mix of National and Local Tenants | Value-Add Opportunity | Pro Forma Cap Rate is 9.71%
  • Anchored by Family Dollar and Dollar Tree | Both are Publicly Traded Companies (NYSE: FDO and NASDAQ: DLTR)
  • Comprised of Multi-Tenant and Single-Tenant Buildings Situated on Approximately 6.9 Acres
  • Priced at $75 per Square Foot | Well Below Replacement Cost

Exclusively Listed By

Shopping Strip

Martindale Shopping Center

Listing Price: $5,600,000

Cap Rate
7.00%
Gross SF
74,104
Rentable SF
74,104
Price/Gross SF
$75.57
Lot Size
6.90 acres
Year Built
1970

Investment Highlights

  • 82% Occupied with a Complementary Mix of National and Local Tenants | Value-Add Opportunity | Pro Forma Cap Rate is 9.71%
  • Anchored by Family Dollar and Dollar Tree | Both are Publicly Traded Companies (NYSE: FDO and NASDAQ: DLTR)
  • Comprised of Multi-Tenant and Single-Tenant Buildings Situated on Approximately 6.9 Acres
  • Priced at $75 per Square Foot | Well Below Replacement Cost

Investment Overview

Martindale Shopping Center is a value-add, multi-tenant neighborhood retail center strategically situated to serve a dense residential area in Amarillo, Texas. The center is comprised of multi-tenant and single-tenant buildings totaling 75,104 square feet of leasable area, situated on approximately 6.9 acres. Martindale Shopping Center is currently 82 percent occupied with a complementary mix of credit and local tenants. Anchored by Family Dollar and Dollar Tree, other major tenants consist of USPS, The Universal Church, Martin Road Eye Care, Boost Mobile, El Pelaton Ice Cream Shop, Fred Loya Insurance, Sun Loan, and others. Martindale Shopping Center is located on the signalized hard corner of US Route 66 and Martin Road, with tenants located on both the east and west sides of Martin Road. The property is easily accessible from multiple ingress and egress points. Cumulative traffic counts are approximately 21,500 vehicles per day. The property is well-situated to serve a dense residential community of approximately 108,146 residents within a five-mile radius. Other neighboring retailers include United Supermarkets, Aaron's, Little Caesar's Pizza, Sonic, Braum's, Rent-A-Center, Advance Auto Parts, AutoZone, O'Reilly Auto Parts, Wienerschnitzel, Cricket Wireless, among others.

Exclusively Listed By

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