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Dollar General - San Angelo TX 2934 N Chadbourne St 12,200 SF Retail Building San Angelo, TX 76903 $516,000 ($42.30/SF) 7.75% Cap Rate
Investment Highlights
- Recent Renewal | NN Lease | Scheduled Rental Increases
- Located Along N. Chadbourne St | U.S. Hwy 87 | Excellent Visibility & Access
- Local Demographics in 5-mile Trade Area
- Corporate Guaranty | Established, Growing Brand
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby School
Executive Summary
• 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
• 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
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,200 SF
Building Class
C
Year Built
1964
Price
$516,000
Price Per SF
$42.30
Cap Rate
7.75%
NOI
$40,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.55 AC
Zoning
GC - General Commercial
Parking
59 Spaces (4.84 Spaces per 1,000 SF Leased)
Frontage
240’ on Chadbourne St
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-33200-0015-008-00 | Improvements Assessment | $310,000 |
| Land Assessment | $50,000 | Total Assessment | $360,000 |
Property Taxes
Parcel Number
18-33200-0015-008-00
Land Assessment
$50,000
Improvements Assessment
$310,000
Total Assessment
$360,000
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Dollar General - San Angelo TX | 2934 N Chadbourne St
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