Walgreens extended the lease in late 2019 showing commitment to this location.
Amarillo has a strong healthcare system with several large medical facilities just under three miles west of the subject property.
The subject property is located in the main retail corridor of Amarillo just a half mile north of Interstate 40 with approximately 6,600,000 square feet of retail space within a 4-mile radius.
Walgreens acquired the Rite Aid directly across the street from the subject property, closed it and transferred all prescriptions to this location.
Subject property is located about 37-seven miles north of downtown Atlanta and with an above average household income.
The average household income in a 3-mile radius is $89,121, population in a 5-mile radius is 110,599.
Walgreens exercised two 5-year options early showing commitment to this location.
Assumable interest only financing Cash-on-Cash return of 8.46% with $1.5M down payment.
Located in the main retail corridor a half mile from the Valley Vista Mall and within ±2.9 Million SF of retail space within a 1-mile radius.
This Walgreens is the only drugstore in the main Guthrie trade area with the nearest national chain drugstore over 13 miles away.