2511 Paramount BlvdAmarillo, TX 79109

Property Details for 2511 Paramount Blvd

Property size (Sq ft)

610,243 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional investment opportunity presents a portfolio of ten strategically located shopping centers spanning across West Texas and the Panhandle. Encompassing a substantial 610,243 square feet of retail space, the portfolio boasts a diverse tenant mix including national brands like Dollar General, Dollar Tree, Tractor Supply, Goodwill, Subway, Little Caesars, and United Supermarkets, alongside regional and local businesses such as Rent A Center and Big R Stores. Currently operating at 56.6% occupancy, this value-add opportunity offers significant upside potential. The portfolio is priced attractively at $42.25 per square foot, with average rents considerably below market averages, presenting a compelling return on investment. The properties are situated in Amarillo (multiple locations), Dumas, Hereford, Plainview (multiple locations), and San Angelo, Texas, offering geographic diversification and access to established markets. Detailed financial information and property-specific data are available upon request. This portfolio represents a rare chance to acquire a substantial retail footprint in a growing region with strong potential for increased occupancy and rental income. The diverse tenant base provides stability and resilience, while the below-market rents offer immediate opportunities for value enhancement. This is an ideal acquisition for investors seeking a significant value-add opportunity in the Texas retail market.

Location Insight

City

Amarillo

County

Potter

State

Texas

Latitude

35.1856

Longitude

-101.873

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