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- LoopNet Team
1600 S Western St
Amarillo, TX 79106
Walgreens | Texas | 7.5 CAP | $3.6M · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
ABOUT 1600 S WESTERN ST , AMARILLO, TX 79106
Pharma Property Group has been exclusively retained by ownership to present for sale the opportunity to acquire the Walgreens property located in Amarillo, Texas. This property is available for purchase and operates on a double net lease basis with ±5 years remaining on the primary lease term, including 6 (5-year) options to follow. Income guaranteed by Walgreens corporation which has an investment grade credit rating of BBB- (S&P) and is a top 20 Fortune 500 company with approximately 9,800 locations. Amarillo has a strong healthcare system with several large medical facilities just under three miles west of the subject property which are: Northwest Texas Healthcare, BSA Health, Thomas E. Creek VA Medical Center, Texas Tech University. The subject property is located in the main retail corridor of Amarillo just a half mile north of Interstate 40 with approximately 6,600,000 square feet of retail space within a 4-mile radius including several shopping centers. Average household income is $68,903 in a three mile radius. Total three mile population count is 88,138 residents and there are over 176,348 residents in a five mile radius.
PROPERTY TAXES
| Parcel Number | R-001-0300-0150-0 | Improvements Assessment | $811,257 |
| Land Assessment | $488,743 | Total Assessment | $1,300,000 |
PROPERTY TAXES
