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34th & Georgia 3412 S Georgia St 24,074 SF Vacant 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 began in 1979 as Auto Shack and grew from a single store into a company focused on automotive replacement parts and accessories. AutoZone sells products through retail stores, commercial programs, a website, and a mobile app, with merchandise that includes hard parts, maintenance items, accessories, and related non-automotive products. AutoZone supports do-it-yourself customers with repair guides, how-to articles, diagnostic help, and free in-store testing services for batteries, alternators, and starters. The company also offers the ALLDATA brand of automotive repair information and software, extending its reach beyond parts retail into repair data and shop tools.
-
- Retailer
- -
- $6.00
- Oct 2008
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
| 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
Presented by
34th & Georgia | 3412 S Georgia St
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