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1220 SW 5th Ave, Amarillo, TX, 79101

CORE & MAIN
Closed

Key Information

Tot. SF
10,115
Year Built
1965, 1977
Term Remaining
3.5
Type
Industrial

Highlights

INVESTMENT HIGHLIGHTS

  • CORPORATE CREDIT BACKING – Backed by a strong corporate guarantee from Core & Main, Inc. (NYSE: CNM), a publicly traded leader in water, wastewater, storm drainage, and fire protection infrastructure distribution, operating over 370 branch locations nationwide with 2024 revenue exceeding $7.4 billion.
  • STRATEGIC AMARILLO INDUSTRIAL LOCATION – Located just west of downtown Amarillo with immediate access to I-40 and less than five minutes to I-27, the property offers exceptional regional connectivity across the Texas Panhandle. The asset is positioned within a mature industrial corridor long associated with distribution, utility supply, and contractor yard uses—an area characterized by constrained supply and sustained tenant demand, supporting long-term occupancy and rental growth.
  • TAX-ADVANTAGED INVESTMENT – Located in Texas, an income tax-free state, enhancing after-tax investor returns and overall cash flow efficiency.
  • ABSOLUTE NNN LEASE STRUCTURE – The lease is structured on an absolute triple-net (NNN) basis, with the tenant responsible for all expenses including CAM, taxes, insurance, and capital repairs, eliminating landlord responsibilities.
  • BUILT-IN RENT ESCALATIONS – The lease provides for 3.5% annual rent increases, delivering predictable NOI growth and serving as an effective hedge against inflation.

Photos

Location

Agents

Financing Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204