- Building Features + Synergy – The subject property offers 17,004 SF on 3.47 acres (11% Coverage Ratio). The site’s set up features excellent synergy for - SRS Distribution offering a large lot for outside storage and maneuverability. The 8 ground level doors allow SRS to back their flatbed trucks into the warehouse and enable loading and unloading from multiple sides.
- Leased to a Rapidly Growing Company – SRS Distribution is the largest privately-held roofing distributor in the U.S. Ever since Leonard Green Partners acquired a majority share ownership from Berkshire Partners for $3 Billion in 2018; SRS has grown exponentially from 200 locations to 270 locations to date.
- Passive increase in return – SRS Distribution is in their second option featuring a 7.90% cap rate with a 3% rental increase year over year and an average cap rate of 8.30%.
- Strong Economical Foundation – Amarillo is the 14th-most populous city in the state of Texas, United States. It is also the largest city in the Texas Panhandle, and the seat of Potter County. A portion of the city extends into Randall County. The estimated population was 199,826 as of 2017.
