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34563606
34563607

1636 Pulliam Street, San Angelo, TX 76903 For Sale

JS
CA 01969414
Schuchert Retail Group
JS
CA CA 01973172
Schuchert Retail Group
Listed by Schuchert Retail Group
$1,197,057
3 days on market
Updated 3 days ago

Dollar General - San Angelo, TX

Details
Property Type Retail
Sub Type Storefront, Dollar store
Square Footage 9,100
Net Rentable (SqFt) 9,100
Cap Rate 7%
NOI $83,784
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/30/2031
Remaining Term 5
Rent Bumps Yes
Lease Options Three (3) - Five (5) Year
Year Built 2016
Acreage 0.870
Parking Spaces 36 spaces
Parking per 1,000 SqFt 3.96
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 06/01/2016
Ground Lease No

5 Yr. - Abs NNN

Marketing description

Schuchert Retail Group is pleased to exclusively present for sale the 9,100 SF Dollar General located at 1636 Pulliam St, San Angelo, TX 76903.

In Cooperation With: Brian Brockman - Bang Realty-Texas Inc.

TX License #701472

Investment highlights

DOLLAR GENERAL CORPORATE LEASE:

5 Years Remaining in Existing Term (Lease Exp: 06/30/2031)

2016 Build to Suit Construction – 9,100 SF

Three (3) - Five (5) Year Options | 10% Rent Increase in Option Periods

ABSOLUTE NNN LEASE:

Absolute NNN Lease with ZERO Management Responsibilities

Tenant Pays for ALL Operating Expenses, Insurance & Reimburses Property Taxes

ANGELO STATE UNIVERSITY:

4.8 Miles from Subject Property

Founded in 1928

Enrollment of 12,000+ Students

Offers 50 Undergraduate Programs & 31 Graduate Programs

GOODFELLOW AIR FORCE BASE:

3.2 Miles from Subject Property

Located on 1,235 Acres

Home to the 17th Training Wing

Supports a Population of Over 12,500 People

PROXIMITY FROM SAN ANGELO, TEXAS:

Abilene, TX | 90 Miles

Midland, TX | 112 Miles

Lubbock, TX | 184 Miles

Austin, TX | 206 Miles

San Antonio, TX | 212 Miles

Dallas, TX | 258 Miles

Houston, TX | 366 Miles

TRADE AREA DEMOGRAPHICS:

1-Mile: 5,348 Residents | $61,697 Average Household Income

3-Mile: 36,649 Residents | $76,677 Average Household Income

5-Mile: 71,782 Residents | $82,471 Average Household Income

7-Mile: 99,753 Residents | $94,439 Average Household Income

Listing Contacts

JS
CA 01969414
Schuchert Retail Group
JS
CA CA 01973172
Schuchert Retail Group
Listed by Schuchert Retail Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$83,784.00
$6,982.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Brian Brockman
License
TX License #701472
Brokerage
Bang Realty-Texas Inc.​
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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