8761 S Coutler St - Supermarket FOR SALE


Amarillo, TX 79119
$24,600,000 USD
415-413-3005
8761 S Coutler St, Amarillo, TX for Sale
$24,600,000 USD
Supermarket - FOR SALE
1/7
null | 5.6% Cap Rate

8761 S Coutler St
Amarillo, TX 79119


HIGHLIGHTS

  • Exceedingly rare opportunity to acquire a newly constructed single-tenant grocer
  • New 20-year absolute NNN lease with corporate guaranty by Albertsons Companies, Inc., the country’s 2nd largest grocery chain with over 2,200 stores a
  • 5% rental increases every five years throughout the primary and option periods
  • Lease also includes eight (8) option periods of five (5) years each, providing a stable and long-term passive income generator
  • The United Family of Stores is known for its outstanding fresh offering and overall value to their guests
  • On-site fuel center features a freestanding convenience store and canopied fueling station with 8 MPD’s

OVERVIEW

This Market Street is strategically located in the growing community of Amarillo, surrounded by densely populated master-planned residential communities and wellattended schools » Located near the confluence of State Highway Loop 335 and Interstate 27, the property benefits from its proximity to densely populated residential communities such as The Colonies (a master-planned community with approximately 700 homes). 216,819 residents live within 10 miles of the property, establishing a strong and reliable customer base » Greatly benefits from a strong income trade area with average household incomes over $120,000 in a 1-mile radius from the site. The site maintains beneficial proximity to major organizations contributing to the city and metropolitan area’s economic growth such as Texas Tech University School of Veterinary Medicine and BSA Hospital. Amarillo is considered the regional economic center for the Texas Panhandle, providing a strong market in an income-tax-free state with many opportunities in diverse industries

FOR SALE DETAILS

PRICE

$24,600,000 USD

PRICE/SF

$314 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Market Street

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding, Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.8 AC

LAND SF

339,768 SF

ZONING

-

APN/PARCEL ID

R-086-3582-1050

ASK ABOUT THIS PROPERTY

Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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Ryan ForsythCushman & WakefieldMore Info
415-413-3005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.