5752 Amarillo BlvdAmarillo, TX 79106

Property Details for 5752 Amarillo Blvd

Year built

2005

Lot size

2.08 AC

Property size (Sq ft)

15,200 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 15,200-square-foot retail center in Amarillo, Texas, presents a compelling investment opportunity. Located at 5752 W Amarillo Blvd, this 2.08-acre property boasts a prime location, shadow-anchored by a high-traffic Walmart Supercenter and Lowe's Home Improvement, ensuring consistent customer flow. The center is currently 100% occupied by three national tenants, including a high-performing Dollar Tree that recently renewed its lease for five years. All leases are triple-net (NNN), minimizing landlord responsibilities and maximizing return. Built in 2005, the building features a durable metal roof and ample paved parking. A double-sided monument sign provides excellent visibility on Amarillo Boulevard, which sees over 22,500 vehicles daily. The property benefits from a dense retail trade area and a strong surrounding population of over 134,183 residents within a five-mile radius. The asking price is $2,907,000, representing a 7.47% cap rate and a price per square foot of $191.25. The strong tenant mix, prime location, and favorable lease terms make this a highly attractive investment. The property's Net Operating Income (NOI) is $217,215. This is a rare opportunity to acquire a well-performing retail center in a thriving market.

Location Insight

City

Amarillo

County

Potter

State

Texas

Latitude

35.2121

Longitude

-101.904

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