Burlington - San Angelo

4238 Sunset Drive, San Angelo, TX

$4,950,000

Price

6.5%

Cap Rate

$321,725

NOI

Overview
Cap Rate
6.5%
NOI
$321,725
Building Size
29,817 sqft
Lot Area
4.2 acres
Occupancy
100%
Year Built
1996
Description

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.

SAN ANGELO, TX
--San Angelo lies in the center of Texas among the West Texas ranching country along the Ports-to-Plains trade corridor which connects America's energy and agricultural heartlands. The city has a population of approximately 97,900 and is the principle city and center of the San Angelo metropolitan area. The city is home to Angelo State University and Goodfellow Air Force Base.
--Angelo State University, the second largest campus in the Texas Tech University system, offers more than 100 majors and concentrations to an ever increasing student body with recent student population reaching more than 10,000 students. ASU students provide an annual economic boost of $208.5 million into the local economy.
--Goodfellow Air Force Base acts as a main cryptologic and intelligence training facility for the Air Force, Army, Navy, and Marine Corps training more than 9,000 students per year, housing an additional 12,000 family members, and employing or providing income for over 24,000 people in San Angelo.

Low Cost of Living: 12% below the National Average
Low Unemployment Rate: 3.8% which is below the National Average of 5.5%
Metro Population Growth of 10% is expected by 2030
Nation's Largest Livestock Auction for sheep/lambs and among the top 5 for Cattle.
Recognized Hospitals: Shannon Medical Center has been recognized as one of the top 50 Cardiovascular Hospitals in the Nation.
Major Industries: Aerospace & Defense, Telecommunications, Energy, Agriculture, Manufacturing and Food Processing
ONE OF THE "BEST SMALL CITIES FOR BUSINESS AND CAREERS." - Forbes 2018

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

Location
Gallery