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4238 Sunset Dr

29,817 SF Retail Building San Angelo, TX 76904 £3,910,549 (£131/SF) 6.50% Net Initial Yield

Investment Highlights

  • Corporate | 8 yrs Remaining Term | Includes 1.84 Acre Adjacent Vacant Land | Rent Increase 3/13/2026
  • Intersection of W 306 Loop and Sherwood Way with Traffic Counts of 41,045+VPD and 21,549+VPD
  • $86,095 Household Income in 1 mile Radius
  • New Roof and HVAC as of 2021
  • Dominant Retail Corridor with 5 Shopping Centers and the Sunset Mall anchored by Dillard's, JC Penney, and Marshalls
  • Goodfellow Air Force Base w/9,000+ Student Airmen and Housing 12,000+ Family Members | Angelo State w/10,000+ Students

Executive Summary

Burlington Clothing Store - San Angelo is strategically located near the intersection of major thoroughfares W 306 Loop and Sherwood way having traffic counts of 41,045+VPD and 21,549+VPD. It is situated in San Angelo's dominant retail corridor next to Mattress Firm and Big Lots, and directly adjacent to the Sunset Mall anchored by Dillard's, JC Penney, and Marshalls. Major retail directly across the street is Target, Ashley Furniture, Ross, GameStop, Five Below, Petco and Party City. There are 3 additional shopping centers within a half mile having major national tenants, plus the Cinemark Movie Theater. This prime location is 3 miles to Angelo State University with enrollment in excess of 10,000+ students, and only 8 miles to Goodfellow Air Force Base - training more than 9,000+ Airmen per year and housing an additional 12,000+ family members. It is within 5 miles of the San Angelo Regional Airport serviced by American, Delta, United, and Alaska Airlines. Includes 1.84 acres adjacent vacant land.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
29,817 SF
Building Class
C
Year Built
1996
Price
£3,910,549
Price Per SF
£131
Net Initial Yield
6.50%
NOI
£254,166
Tenancy
Single
Number of Floors
1
Loading Docks
1 Exterior
Building FAR
0.16
Land Acres
4.20 AC
Parking
162 Spaces (5.43 Spaces per 1,000 SF Leased)
Frontage
172 ft on Sunset Dr

Nearby Major Retailers

H-E-B
McAlister's Deli
Outback Steakhouse
Anytime Fitness
Applebee's
Fuzzy's Taco Shop
Chili's
Fitness 1440
Taco Bueno
Orangetheory Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-18600-0119-001-00
Land Assessment
£566,255
Improvements Assessment
£816,262
Total Assessment
£1,382,517
  • Listing ID: 31247870

  • Date on Market: 18/03/2024

  • Last Updated:

  • Address: 4238 Sunset Dr, San Angelo, TX 76904

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