10020 S Georgia St - Warehouse FOR SALE


Amarillo, TX 79118
$2,065,000 USD
512-338-7800
10020 S Georgia St, Amarillo, TX for Sale
$2,065,000 USD
Warehouse - FOR SALE
1/5
null | 7% Cap Rate

10020 S Georgia St
Amarillo, TX 79118


HIGHLIGHTS

  • Home Depot Acquired SRS Distribution in June 2024
  • Recently Renewed Lease
  • Rent Increases of Three Percent Annually
  • Large Laydown Yard of 3.47 Acres
  • SRS Has Occupied the Facility Since 2013

OVERVIEW

The Property Doherty Houston Industrial Group is pleased to exclusively offer this single-tenant industrial property leased to SRS Distribution, Inc. The subject property is a 17,004-square-foot facility sitting on 3.47 acres, located off West Hollywood Road (aka Loop 335 East) on South Georgia Street in Amarillo, Texas. There are over four years remaining on a triple-net (NNN) lease with three percent annual rent increases. There are three, five-year options to renew with three percent annual increases. The property was a built in 2008, renovated in 2013, and features steel beam and metal construction with a stone façade. There is approximately 6,603 square feet of showroom space, approximately 10,720 square feet of warehouse space, and lean-to/garage that is approximately 5,250 square feet. The Location Amarillo is in the heart of cattle country and is a major transportation hub in the Texas Panhandle. The metro consists of Potter, Armstrong, Carson, Randall and Oldham counties. Amarillo is the most populous city in the region, housing just under 200,000 residents and is the seat of Potter County. Interstate 40 enhances Amarillo’s connectivity for freight and distribution. The metro also plays an important role in the rail freight system. BNSF operates a local vehicle facility, while its mainline connects the metro to Dallas-Fort Worth. The Tenant Founded in 2008 and headquartered in McKinney, Texas, SRS has grown to become one of the fastest growing building products distributors in the United States. SRS is a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper, and pool contractor. The company currently operates under a family of distinct local brands encompassing more than 760 locations across 47 states. In June 2024, The Home Depot completed the acquisition of SRS Distribution, Inc. for a total enterprise value of approximately $18.25 billion. The Home Depot is the world’s largest home improvement specialty retailer and operates more than 2,300 stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces, and Mexico.

FOR SALE DETAILS

PRICE

$2,065,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SRS Distribution

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

8

PARKING SPACES

31

LAND DETAILS

LAND ACRES

3.47

LAND SF

151,153

ZONING

LI

APN/PARCEL ID

R-073-2600-1300-0

ASK ABOUT THIS PROPERTY

Patrick DohertyMarcus & MillichapMore Info
512-338-7800

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Patrick DohertyMarcus & MillichapMore Info
512-338-7800

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