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2601 S Georgia St
Amarillo, TX 79109
Walgreens · Retail Property For Sale

Executive Summary

Zero Landlord Responsibilities: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.
Strong Corporate Guarantor: Guaranteed by Walgreens, a leading national pharmacy retailer with over 8,500 locations, providing investors with a reliable and stable corporate-backed lease.
Strong Surrounding Retail Presence: The property is surrounded by national retailers including Market Street, Chick-Fil-A, and Raising Canes driving steady consumer traffic and supporting long-term tenant performance.
Affluent Surrounding Demographics: The property is located within a strong and established trade area, with average household incomes exceeding $88,000 within a 10-mile radius—supporting a high-spending consumer base and driving sustained tenant performance.
Prime Visibility & Traffic Exposure: Strategically positioned along S Georgia Street in Amarillo with exposure to 25,000+ vehicles per day, the property benefits from excellent visibility and consistent daily traffic flow.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2001
Price
$4,305,882
Price Per SF
$297.16
Cap Rate
8.50%
NOI
$366,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.56 AC
Zoning
LC
Frontage
340’ on Georgia St

Amenities

  • Pylon Sign

Property Taxes

Property Taxes

Parcel Number
R-090-0700-5588-0
Land Assessment
$544,000
Improvements Assessment
$906,000
Total Assessment
$1,450,000
  • Listing ID: 40042671

  • Date on Market: 4/6/2026

  • Last Updated:

  • Address: 2601 S Georgia St, Amarillo, TX 79109

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