Western Crossing Retail Center

2207 S Western St, Amarillo, TX

$24,435,000

Price

167,490 sqft

Building Size

16.32 acres

Lot Area

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Street
Map
Overview
Building Size
167,490 sqft
Lot Area
16.32 acres
Occupancy
99.06%
Units
17
Year Built
2008
Floors
1
Description

SVN | Trinity Advisors is pleased to present this prime Retail investment opportunity in Amarillo, Texas. Located at 2207 S Western St, Amarillo, TX 79109, this Regional Community Center Retail Location is highly trafficked, with high visibility, and substantial traffic flow. Situated on international travel artery Interstate 40, the property sees over 74,030 vehicles per day (All stated VPD per CoStar 2022) from the interstate alone, and between 21,009- 24,158 VPD on S Western Street intersecting Charles Ave, Wolflin Ave, and Emil Ave. Located in a thriving business district, the center pulls shoppers from Texas, Oklahoma, and New Mexico, while the 3-mile population of just under 100,000 also frequents the center. Anchored by Burlington, Petco, Mardel, and Michaels, all of whom have recently extended their leases, the property is well-positioned for the new owner to enjoy the benefit of ‘sticky’ national tenants who have been in place since construction, with a strong remaining lease term, and strong positive cash flow on day 1.

Located on the international travel artery Interstate 40, the property witnesses over 74,030 vehicles per day (All stated VPD per CoStar 2022) from the interstate alone, and between 21,009-24,158 VPD on S Western Street intersecting Charles Ave, Wolflin Ave, and Emil Ave. The property is situated in a thriving business district, drawing shoppers from Texas, Oklahoma, and New Mexico, with a 3-mile population of just under 100,000.

Highlights
  • Western Crossing is strategically positioned as a Class "A" super-regional power center in Amarillo, Texas. Its advantageous location along Interstate 40, within 3 miles of downtown Amarillo, places it at the heart of commercial activity in the area.
  • Prime Retail Community Center with National Tenants such as: Burlington, Michaels, PETCO, Mardel, Federal Express, Quest Diagnostics.
  • With an occupancy rate of 99.06% and just 1,567 SF available.
  • Situated in a regional retail hub, the property benefits from a robust and steady flow of shoppers from the city and surrounding regions, including Oklahoma and New Mexico.
  • With exposure to approximately 98,188 vehicles passing by daily. (Per CoStar 2022), Western Crossing enjoys unparalleled visibility.
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