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Popshelf & America's Best 4151-4153 Sunset Dr

15,258 SF 100% Leased Retail Building San Angelo, TX 76904 $3,964,000 ($260/SF) 7% Cap Rate

Investment Highlights

  • Fully Leased Two-Tenant Retail Shops Building
  • Prominent Location within Dense Retail Corridor Drawing 1.1 Million Shoppers Each Month
  • 3 Miles from Angelo State University – 10,000+ Students
  • Scheduled Rental Escalations in Both Leases
  • Outparcel to Target-Anchored Center - 167,000 Monthly Visits
  • $86,914 Average Household Income within 1 Mile Radius

Executive Summary

Popshelf & America’s Best offers the unique opportunity for an investor to acquire a fully-leased two-tenant retail property within San Angelo’s primary retail corridor, which draws 1.1 million shoppers each month. The asset benefits from a strong retail location outparcel to a Target-anchored shopping center, excellent access and visibility adjacent to the Loop 306 arterial, and robust demographics with a total daytime population of 83,011 within a 5 mile radius. An investor will benefit from scheduled increases in income, a diversified income stream, and asset appreciation with this property.
The subject property is prominently located with excellent access and visibility outparcel to Sunset Mall adjacent to the junction of the West 306 Loop arterial (41,045 AADT) and US-67/Sherwood Way (21,549 AADT). The site benefits from robust demographics with a total daytime population of 83,011 within a 5 mile radius. Average household income within 1 mile of the site is $86,914.
The property benefits from a prominent retail location outparcel to a Target, Ross, and Homegoods anchored shopping center within the Sunset Drive retail corridor adjacent to Sunset Mall, anchored by Dillard’s and Conn’s. Other major tenants in the surrounding area include Walmart Supercenter, Academy Sports, Sam’s Club, and more. Nearby retail centers include Sherwood Oaks Shopping Center, anchored by Cinemark and Crunch Fitness; Sunset Shopping Center, anchored by Hobby Lobby and Tractor Supply Company; and more.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
15,258 SF
Building Class
B
Year Built/Renovated
1994/2023
Price
$3,964,000
Price Per SF
$260
Cap Rate
7%
NOI
$277,476
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.48 AC
Parking
66 Spaces (4.33 Spaces per 1,000 SF Leased)
Frontage
538 FT on Sunset Dr

Amenities

  • Pylon Sign
  • Signage

Nearby Major Retailers

H-e-b Pharmacy
McAlister's Deli
Outback Steakhouse
Anytime Fitness
Chili's Grill & Bar
Fitness 1440
Applebee's
Fuzzy's Taco Shop
Taco Bueno
Orangetheory Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-18600-0123-001-00
Land Assessment
$384,570
Improvements Assessment
$865,430
Total Assessment
$1,250,000
  • Listing ID: 31379461

  • Date on Market: 4/1/2024

  • Last Updated:

  • Address: 4151-4153 Sunset Dr, San Angelo, TX 76904

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