2934 N Chadbourne St - Freestanding FOR SALE


San Angelo, TX 76903
$516,000 USD
954-703-3602
2934 N Chadbourne St, San Angelo, TX for Sale
$516,000 USD
Freestanding - FOR SALE
1/5
null | 7.75% Cap Rate

2934 N Chadbourne St
San Angelo, TX 76903


HIGHLIGHTS

  • Recent Renewal | NN Lease | Scheduled Rental Increases
  • Corporate Guaranty | Established, Growing Brand
  • Located Along N. Chadbourne St | U.S. Hwy 87 | Excellent Visibility & Access
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby School
  • Local Demographics in 5-mile Trade Area

OVERVIEW

• Recent 5 year extension on the lease, with 2 (3-year) renewal options, supporting long term-commitment to the site • The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation • The tenant is responsible for taxes, insurance, and all operating expenses, with the landlord only responsible for Roof, Foundation, Exterior and Load-Bearing Walls, Structural Portions, Exterior Utility Lines

FOR SALE DETAILS

PRICE

$516,000 USD

PRICE/SF

$64 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General - San Angelo TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

GC

APN/PARCEL ID

18-33200-0015-008-00

ASK ABOUT THIS PROPERTY

Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

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Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.