For Lease
$18.95/SF/YR

5512 Gem Lake RdAmarillo, TX 79106

Prime Retail Strip Center, 3 Spaces Available

Overview

Added:
Dec 11, 2024
Days on market:
117
The Forum at Gem Lake, a Class A retail strip center, presents a unique investment opportunity. This 14,000 square foot property, situated on a 1.82-acre lot at the prominent intersection of Gem Lake and Amarillo Blvd. West in Potter County, boasts a prime location and strong tenant occupancy. Built in 2004 and extensively renovated in 2018, the single-story building features seven suites, with three currently available. These spaces range from 1,800 to 3,731 square feet and are offered at a reduced price. The available spaces can be combined for a total of 7,611 square feet. Current tenants include established businesses such as T-Mobile, Wells Fargo, Men's Only Haircuts, Grandpa's Donuts, and Wing Stop, demonstrating the center's strong draw. The property includes 81 parking spaces and is zoned for general retail use. The Net Net Net (NNN) rent is $18.95 per square foot, with NNN charges of $5.50 per square foot covering CAM, trash, taxes, and insurance. This is an exceptional opportunity to acquire a well-maintained, high-traffic retail property in a thriving area.

Highlights

  • 14,000 SF Class A retail strip center on 1.82 acres in Potter County.
  • Seven suites totaling 14,000 square feet, with 7,611 square feet currently available.
  • Located at the intersection of Gem Lake and Amarillo Blvd. West, zoned General Retail.
  • Built in 2004, renovated in 2018, featuring 81 parking spaces.
  • Strong tenant mix including T-Mobile, Wells Fargo, Men's Only Haircuts, Grandpa's Donuts, and Wing Stop.
  • Available spaces range from 1,800 to 3,731 square feet, with NNN rent of $18.95/SF.

Property Details for 5512 Gem Lake Rd

Property type
Strip malls, Retail properties
RSF (Rentable sq. ft)
14,000 SF
Class
A
Year Built/Renovated
2004/2018
Buildings
1
Stories
1

Unit(s) available at that property

Space
Available - Suite 400
Size
3,731 SF
Rate per SF
$18.95
Space
Available - Suite 500
Size
2,080 SF
Rate per SF
$18.95
Space
Available - Suite 600
Size
1,800 SF
Rate per SF
$18.95

Location Insight

City
Amarillo
County
Potter
State
Texas
Latitude
35.2139436
Longitude
-101.8988763
5512 Gem Lake Rd, Amarillo, Texas

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5512 Gem Lake Rd
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