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34th & Georgia 3412 S Georgia St 24,074 SF 2% Leased Retail Building Amarillo, TX 79109 $3,541,428 ($147.11/SF)
INVESTMENT HIGHLIGHTS
- Prime Corner Redevelopment Opportunity
- Existing national-tenant leases provide near-term income, with future expirations creating value-add potential
- 2.71-acre site offers flexible redevelopment options: retail, mixed-use, or big-box repositioning
EXECUTIVE SUMMARY
Asking Price (Land Basis): 2.71 acres at $30/SF | ±$3,541,428
Building Size: 24,074 SF
Existing Tenants: National-credit tenants — AutoZone (lease through Jan 2028) and Dollar General (lease through Nov 2028)
Investment Highlights:
• Highly visible corner with 36,113 cars/day (COA) and strong frontage/ingress-egress
• 2.71-acre site offers flexible redevelopment options: retail, mixed-use, or big-box repositioning
• Existing national-tenant leases provide near-term income, with future expirations creating value-add potential
• Strategically positioned to capture loyalty from the surrounding regional retail corridor and evolving consumer demand
Retail / Trade Area situated in stable Amarillo retail corridor anchored by national and regional retailers, including:
• Wolflin Village & Wolflin Square
• Home Depot, Walmart Supercenter
• Chick-fil-A, Cane’s, Panda Express, Starbucks, Scooter Coffee
• Dollar Tree, Dollar General, Aaron’s Rent-A-Center
• Coronado & Westhaven Shopping Centers
• AutoZone Distribution Center
Ideal Uses:
• Single-user redevelopment (big-box or grocer)
• Multi-tenant retail center (strip or power center)
• Mixed-use (retail + office/residential) leveraging future tenant rollover
• Value-add land play: acquire, hold existing cash flow, reposition upon lease maturity
PROPERTY FACTS
AMENITIES
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- $4.84
- Jan 2013
AutoZone is the nation's leading retailer and a leading distributor of automotive replacement parts and accessories with stores in the US, Mexico, Brazil and Puerto Rico. Each store carries an extensive line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured hard parts, maintenance items and accessories. AutoZone, headquartered in Memphis, TN, is a growing Fortune 300 company with a deep commitment to serving their customers, communities and fellow AutoZoners. They have vast opportunities in their stores, distribution centers, field offices, specialty business units and Store Support Center and embrace diverse experiences, backgrounds, knowledge and ideas to strengthen their teams and business. Their team is connected by a deep commitment to their Pledge and Values, principles established more than thirty years ago that reinforce their priorities and team culture.
-
- Retailer
- -
- $6.00
- Oct 2008
DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | $4.84 | Jan 2013 | ||
|
|
Retailer | - | $6.00 | Oct 2008 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R-078-1000-0400-0 | Improvements Assessment | $393,517 |
| Land Assessment | $826,333 | Total Assessment | $1,219,850 |
PROPERTY TAXES
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34th & Georgia | 3412 S Georgia St
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