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South Georgia Retail 2300 S Georgia 5,642 SF 100% Leased Retail Building Amarillo, TX 79109 $2,720,000 ($482.10/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- South Georgia Street Strip Center | 100% Occupied | 6.2 Years WALT | Strong Tenant Lineup | Scheduled Rental Increases
- Local Demographics In 5-mile Trade Area
- Recent Capital Improvements | Directly off Interstate 40 | Interstate 27 | End Cap Drive-Thru | Excellent Visibility & Access
- Signalized, Hard Corner Intersection | Dense Retail Corridor | Surrounding Big Box Retailers | Strong Tenant Synergy
EXECUTIVE SUMMARY
Strategically positioned at the intersection of S. Georgia Street (22,200 VPD) and Civic Circle, and directly off I-40 (88,000 VPD), the property enjoys strong visibility and access. It is surrounded by national retailers including Home Depot, Market Street, and Crunch Fitness. The center includes a Smoothie King with a drive-thru, boosting site traffic and tenant performance. The asset has undergone recent capital improvements, including a new roof in 2022 and full exterior renovations in 2020. The 5-mile trade area is home to 170,200+ residents and 91,300+ employees with an average household income of $89,286, reinforcing strong retail fundamentals in the largest city of the Texas Panhandle.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
5,642 SF
Building Class
B
Year Built/Renovated
1989/2020
Price
$2,720,000
Price Per SF
$482.10
Cap Rate
7%
NOI
$190,423
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.76 AC
Zoning
GC - General Commercial
AMENITIES
- Corner Lot
- Freeway Visibility
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R-044-4600-0107-0 | Improvements Assessment | $418,944 |
| Land Assessment | $331,056 | Total Assessment | $750,000 |
PROPERTY TAXES
Parcel Number
R-044-4600-0107-0
Land Assessment
$331,056
Improvements Assessment
$418,944
Total Assessment
$750,000
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South Georgia Retail | 2300 S Georgia
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