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29447750
29447751

4238 Sunset Dr, San Angelo, TX 76904

SR
TX TX - 9009637, CA CA - 02101543 (+42)
ParaSell Inc
JL
CA 01942025, NE 20191334
Hanley Investment Group
BA
CA 01318078, NV COOP.0000245-AUTH
Hanley Investment Group
Listed by ParaSell Inc, Hanley Investment Group
$4,650,000
127 days on market
Updated 1 day ago

Burlington | San Angelo, TX

Details
APN 07-18600-0119-001-00
Property Type Retail
Sub Type Storefront
Square Footage 29,817
Net Rentable (SqFt) 29,817
Cap Rate 7.25%
NOI $336,923
Occupancy 100%
Tenancy Single
Brand/Tenant Burlington Coat Factory
Lease Type NN
Lease Term 11
Lease Expiration 02/29/2032
Remaining Term 5.7
Rent Bumps No
Lease Options Four 5-Year @ $0.50/SF Increases
Price per SqFt $156
Broker Co-Op Yes
Year Built 1996
Year Renovated 2021
Buildings 1
Stories 1
Acreage 2.360
Lease Commencement 03/13/2021
Ground Lease No

Long-Term Lease; Corporate Tenant | Dominant Regional Shopping Destination | Income Tax-Free State

Marketing description

CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/Burlington_SanAngelo

Investment highlights

  • Corporate Burlington (NYSE: BURL):

    • 10-year initial lease term; 5+ years remaining

    • Four 5-year options at $0.50/SF in each option

    • Major recent improvements – new roof (2026) and HVAC (2021)

    • Burlington reported strong Q4 2024 and fiscal year 2024 results - total sales growth of 11% and comparable store sales growth of 4%

    • Burlington operates 1,200+ stores in 46 states, Washington D.C. and Puerto Rico

  • Dominant Regional Shopping Destination (15+ Million Annual Visitors in the Immediate Area, Placer.ai); Across from Sunset Plaza, a Target- and Ashley Furniture-Anchored Center and Across from Sunset Mall:

    • Sunset Plaza - 2.2 million annual visits and ranked within the top 20% most-trafficked shopping centers in the United States (Placer.ai)

    • Sunset Mall - anchored by JC Penney, Marshalls, Murdoch’s, and Dillard’s provides retail synergy with 2.1 million annual visitors

  • Excellent Exposure to Traffic Along Sunset Drive and Close Proximity to West Loop 306, a Major San Angelo Thoroughfare (51,000 CPD)

  • San Angelo is One of the Largest Cities in West Central Texas, Serving as the Center of Commerce, Government, Medicine, and Higher Education:

    • Goodfellow Air Force Base has a population of 27,000 and $3.1 billion in economic impact with a role as a vital economic engine in the region

    • Angelo State University is a Texas Tech University System university (11,250 students; $208 million economic impact)

Listing Contacts

SR
TX TX - 9009637, CA CA - 02101543 (+42)
ParaSell Inc
JL
CA 01942025, NE 20191334
Hanley Investment Group
BA
CA 01318078, NV COOP.0000245-AUTH
Hanley Investment Group
Listed by ParaSell Inc, Hanley Investment Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$336,923.00
$28,076.92/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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Additional Information

Name
Scott Reid
License
TX - 9009637
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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