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FAMILY DOLLAR | AMARILLO, TEXAS

Purchase Price
$1,443,500
Location
900 NE 24th Ave
Cap Rate
8.00%
Annual Rent
$115,484.04
Building Size
8,320 SF
Land Area
1.157 Acres
Ownership
Fee Simple
Lease Type
NN+
Term Remainning
5 Years
LEASE EXPIRATION
7/31/2031
Renewal Options
Five (5) - Five (5) Year
RENT INCREASES
10% at Options
Parking
43 Spaces
Year Built
2015
APN
216101
Traffic Counts
8,247 VPD

INVESTMENT HIGHLIGHTS

 

FAMILY DOLLAR CORPORATE LEASE:

  • Approximately 5 Years of Guaranteed Lease Term Remaining (Lease Exp: July 2031)
  • 2015 Construction | Build-to-Suit Family Dollar
  • 8,320 SF Building on 1.157 Acre Parcel
  • Five (5) - Five (5) Year Renewal Options with 10% Rental Increases
 

NN+ LEASE | MINIMAL LANDLORD RESPONSIBILITIES:

  • Landlord Responsibilities Limited to Roof, Structure & Parking Lot
  • Tenant Responsible for Maintaining, Repairing & Replacement of HVAC Sytems
  • Tenant Responsible for the Maintenance of Existing Landscaping; The Removal of Snow, Ice, Trash, Weeds and Debris from the Parking, Service, Access and Landscaped Areas
  • Tenant Responsible for Restriping the Parking Area and Repairing Parking Area Lights
 

STRONG PLACER.AI DATA - 172,100 VISITS:

  • Nationwide (673 out of 7,014 Stores) = Top 10%
  • Statewide (106 out of 1,047 Stores) = Top 11%
  • Local (15-Mile Radius) = Top Store (1 out of 10)
 

AMARILLO - #1 MIDSIZE CITY FOR GROWTH:

  • In June 2025, USA Ranked Amarillo as the #1 Midsize City for Growth in the U.S.
  • Recognized the City's Strategic Planning, Workforce Development and Community Momentum
  • Ranked Ahead of Omaha, NE; Des Moines, IA; Boise, ID; Charleston, SC; and Huntsville, AL
 

PROXIMITY FROM AMARILLO, TEXAS:

  • Lubbock, TX | 126 Miles
  • Wichita Falls, TX | 225 Miles
  • Midland, TX | 239 Miles
  • Oklahoma City, OK | 261 Miles
  • Abilene, TX | 271 Miles
  • Dallas, TX | 365 Miles

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