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Dollar General | San Angelo, TX (Armstrong) 2588 Armstrong St 10,566 SF Retail Building San Angelo, TX 76903 $2,455,684 ($232.41/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

  • NNN Single Tenant Investment Opportunity
  • 15-Year Lease with Five (5), Five (5) Year Options
  • Corporate Guarantee by Dollar General Corporation
  • ±38,000 3-Mile Population (STDB)
  • 5% Increases Every 5 Years During Primary Term & Renewal Options

EXECUTIVE SUMMARY

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing Dollar General located in San Angelo, TX. The subject property has a 15-year, NNN lease with 5% increases every 5 years during the preliminary term and each option, and an estimated delivery date of September 2025. San Angelo is located in the Concho Valley region at the confluence of the three branches of the Concho River. San Angelo, TX is a West Texas oasis with numerous recreational areas nearby such as OC Fisher Lake, Lake Nasworthy, Twin Buttes Lake, and San Angelo State Park. The city is also home to the Goodfellow Air Force Base, a nonflying training base recognized for providing intelligence training to multiple military branches. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.
The Subject is located on Armstrong Street on the northside of San Angelo, TX. San Angelo is in the Permian Basin with Midland and Odessa, located along the Concho River in Texas. The vibrant West Texas town of San Angelo is supported by companies across business sectors like manufacturing and food processing, including Ethicon, Hirschfeld Industries, Lone Star Beef Processing, and Performance Financial. San Angelo is a true Western town with rodeos, ranches, and horseback riding that attracts college students, millennials, and families looking for an affordable quality of life.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,566 SF
Building Class
C
Year Built
2025
Price
$2,455,684
Price Per SF
$232.41
Cap Rate
6%
NOI
$147,341
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
3.00 AC
Parking
35 Spaces (3.31 Spaces per 1,000 SF Leased)
Frontage
576’ on Armstrong Street

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
38-05735-0009-000-00
Land Assessment
$152,900
Improvements Assessment
$0
Total Assessment
$152,900
  • Listing ID: 36231323

  • Date on Market: 6/12/2025

  • Last Updated:

  • Address: 2588 Armstrong St, San Angelo, TX 76903

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