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220 S McMasters St 2,000 SF 100% Leased Retail Building Amarillo, TX 79106 $350,000 ($175/SF)
Investment Highlights
- High Traffic Count Intersection 16,635
Executive Summary
Excellent opportunity to acquire a single-tenant retail investment in Amarillo, Texas. This steel retail building occupies a hard-corner location with strong visibility and convenient access near S McMasters Ave and SW 3rd Ave. The property is leased to H&R Block, a long-established tenant that has operated at this location for approximately 15 years, providing stable occupancy and proven site performance. The asset features a full NNN lease structure, helping minimize landlord responsibilities and create a passive income stream for investors. Offered at $350,000 with an attractive 8.57% cap rate, this investment combines reliable cash flow, established tenancy, and long-term upside in a well-trafficked infill retail corridor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,000 SF
Building Class
C
Year Built
1984
Price
$350,000
Price Per SF
$175
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
0.43 AC
Zoning
LC
Parking
17 Spaces (8.5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signalized Intersection
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R-056-0100-5874-0 | Improvements Assessment | $102,898 |
| Land Assessment | $45,000 | Total Assessment | $147,898 |
Property Taxes
Parcel Number
R-056-0100-5874-0
Land Assessment
$45,000
Improvements Assessment
$102,898
Total Assessment
$147,898
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220 S McMasters St
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