SRS Building Products

The Property
Marcus & Millichap 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.