San Angelo, TX - Sunbelt Rentals

Description:

• Sunbelt Rentals Inc. (S&P: BBB-) corporate signed lease
• 3+ years remaining with 2 (5-year) option periods to extend
• The lease features 2% annual increases throughout the remainder of the initial term and each option period, providing a hedge against inflation while steadily growing NOI

• The subject property is located near the intersection of US Highway 87 and Farm to Market Road 2105 which combine to average over 19,700 vehicles passing by daily
• The asset is located near the CRC Roofers Coliseum (5,620 seats) and Spur Arena which host San Angelo’s rodeo, livestock shows, and a variety of other events serving the region
• The site is located less than 2 miles from Lake View High School with a student population of over 1,050
• Strong tenant synergy promotes crossover shopping to the subject property

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Listing ID: a28TP000001mASjYAM