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SRS Distribution 10020 S Georgia St 17,004 SF Industrial Building Amarillo, TX 79118 $2,065,000 ($121.44/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Home Depot Acquired SRS Distribution in June 2024
- Rent Increases of Three Percent Annually
- SRS Has Occupied the Facility Since 2013
- Recently Renewed Lease
- Large Laydown Yard of 3.47 Acres
EXECUTIVE SUMMARY
The Property
Doherty Houston Industrial Group is pleased to exclusively offer this single-tenant industrial property leased to SRS Distribution, Inc. The subject property is a 17,004-square-foot facility sitting on 3.47 acres, located off West Hollywood Road (aka Loop 335 East) on South Georgia Street in Amarillo, Texas. There are over four years remaining on a triple-net (NNN) lease with three percent annual rent increases. There are three, five-year options to renew with three percent annual increases.
The property was a built in 2008, renovated in 2013, and features steel beam and metal construction with a stone façade. There is approximately 6,603 square feet of showroom space, approximately 10,720 square feet of warehouse space, and lean-to/garage that is approximately 5,250 square feet.
The Location
Amarillo is in the heart of cattle country and is a major transportation hub in the Texas Panhandle. The metro consists of Potter, Armstrong, Carson, Randall and Oldham counties. Amarillo is the most populous city in the region, housing just under 200,000 residents and is the seat of Potter County.
Interstate 40 enhances Amarillo’s connectivity for freight and distribution. The metro also plays an important role in the rail freight system. BNSF operates a local vehicle facility, while its mainline connects the metro to Dallas-Fort Worth.
The Tenant
Founded in 2008 and headquartered in McKinney, Texas, SRS has grown to become one of the fastest growing building products distributors in the United States. SRS is a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper, and pool contractor. The company currently operates under a family of distinct local brands encompassing more than 760 locations across 47 states.
In June 2024, The Home Depot completed the acquisition of SRS Distribution, Inc. for a total enterprise value of approximately $18.25 billion. The Home Depot is the world’s largest home improvement specialty retailer and operates more than 2,300 stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces, and Mexico.
Doherty Houston Industrial Group is pleased to exclusively offer this single-tenant industrial property leased to SRS Distribution, Inc. The subject property is a 17,004-square-foot facility sitting on 3.47 acres, located off West Hollywood Road (aka Loop 335 East) on South Georgia Street in Amarillo, Texas. There are over four years remaining on a triple-net (NNN) lease with three percent annual rent increases. There are three, five-year options to renew with three percent annual increases.
The property was a built in 2008, renovated in 2013, and features steel beam and metal construction with a stone façade. There is approximately 6,603 square feet of showroom space, approximately 10,720 square feet of warehouse space, and lean-to/garage that is approximately 5,250 square feet.
The Location
Amarillo is in the heart of cattle country and is a major transportation hub in the Texas Panhandle. The metro consists of Potter, Armstrong, Carson, Randall and Oldham counties. Amarillo is the most populous city in the region, housing just under 200,000 residents and is the seat of Potter County.
Interstate 40 enhances Amarillo’s connectivity for freight and distribution. The metro also plays an important role in the rail freight system. BNSF operates a local vehicle facility, while its mainline connects the metro to Dallas-Fort Worth.
The Tenant
Founded in 2008 and headquartered in McKinney, Texas, SRS has grown to become one of the fastest growing building products distributors in the United States. SRS is a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper, and pool contractor. The company currently operates under a family of distinct local brands encompassing more than 760 locations across 47 states.
In June 2024, The Home Depot completed the acquisition of SRS Distribution, Inc. for a total enterprise value of approximately $18.25 billion. The Home Depot is the world’s largest home improvement specialty retailer and operates more than 2,300 stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces, and Mexico.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,065,000 | Lot Size | 3.47 AC |
| Price Per SF | $121.44 | Rentable Building Area | 17,004 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 7% | Year Built/Renovated | 2008/2013 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 1.82/1,000 SF |
| Building Class | B | No. Drive In / Grade-Level Doors | 8 |
| Zoning | LI | ||
| Price | $2,065,000 |
| Price Per SF | $121.44 |
| Sale Type | Investment NNN |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.47 AC |
| Rentable Building Area | 17,004 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2008/2013 |
| Tenancy | Single |
| Parking Ratio | 1.82/1,000 SF |
| No. Drive In / Grade-Level Doors | 8 |
| Zoning | LI |
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Wholesaler
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
At SRS Building Products, they help their customers ask the right questions about home or commercial roofing and exteriors. By combining their passion for the industry and their belief in 100% customer satisfaction, customers have found the right experts for quality advice. Their goal is to provide their customers with the most outstanding service in the industry while maintaining a family atmosphere for customers, vendors, and employees. Their partnerships with several manufacturers have strengthened their resources giving them valuable insight and education that we pass on to customers. SRS Building Products is consistently proactive in researching new products, materials, and techniques so that clients will have access to the latest product offerings in the market.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Wholesaler | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
| Parcel Number | R-073-2600-1300-0 | Improvements Assessment | $1,586,635 |
| Land Assessment | $113,365 | Total Assessment | $1,700,000 |
PROPERTY TAXES
Parcel Number
R-073-2600-1300-0
Land Assessment
$113,365
Improvements Assessment
$1,586,635
Total Assessment
$1,700,000
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SRS Distribution | 10020 S Georgia St
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