949 Gateway Dr - Warehouse FOR SALE


San Angelo, TX 76905
$5,850,000 USD
713-681-1100
949 Gateway Dr, San Angelo, TX for Sale
$5,850,000 USD
Warehouse - FOR SALE
1/2
null | 6.75% Cap Rate

949 Gateway Dr
San Angelo, TX 76905


HIGHLIGHTS

  • Tenant FedEx Ground Package System, Inc.
  • Annual Rent $393,077 Annually (as of March 1, 2026)
  • Extension Options (1) – 5 Year Options
  • LL Responsibilities NNN; Roof & Structure only
  • Rental Rate PSF $8.24 PSF Annually

OVERVIEW

Capital Real Estate Commercial is pleased to present the opportunity to purchase a fully NNN, single tenant, industrial asset occupied by FedEx in San Angelo, Texas. FedEx has been at the property since 2016 and has just extended their lease another 5 years to 2031, showing a commitment to the subject property. FedEx has one more 5-year extension remaining from the original lease. The 8.99-acre property is located just off the intersection of North Loop 306 and US-277, on the corner of Gateway Drive and FM 380. San Angelo is located Northwest of both San Antonio and Austin, and south of Midland/Odessa. FedEx Corporation is a global leader in transportation, logistics and express delivery, with its headquarters in Memphis, Tennessee. The company operates in over 220 countries and territories worldwide, connecting markets comprising more than 99% of global GDP. FedEx offers a broad portfolio of services including express package delivery, ground shipping, freight, supply chain solutions, and retail services via its FedEx Office stores and Authorized ShipCenters. Its infrastructure includes tens of thousands of staffed drop-off locations, thousands of FedEx Office and retail locations, and hundreds of service centers and terminals. FedEx serves a strong, diverse customer base: from e-commerce businesses and large enterprises to small businesses and individual consumers, as well as government and industrial clients. As an industry pioneer (founding express delivery in the U.S.), FedEx continues to invest heavily in technology, networks, automation, and operational efficiency, traits that reinforce its competitive edge. For landlords and property investors, FedEx is a highly desirable tenant: its large-scale real estate footprint, long-term leases (often 5-10 years or more), consistent demand for well-located facilities, warehouse, and transportation access, and its solid financial standing all contribute to low risk.

FOR SALE DETAILS

PRICE

$5,850,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9

LAND SF

391,909

ZONING

-

APN/PARCEL ID

13-24450-0001-000-00

ASK ABOUT THIS PROPERTY

Troup RollandCapital Real Estate Commercial, Inc.More Info
713-681-1100

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Troup RollandCapital Real Estate Commercial, Inc.More Info
713-681-1100

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