Burlington | San Angelo, TX
Long-Term Lease; Corporate Tenant | Dominant Regional Shopping Destination | Income Tax-Free State
Marketing description
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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)
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