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Burlington | San Angelo, TX 4238 Sunset Dr 29,817 SF Retail Building San Angelo, TX 76904 $4,910,000 ($164.67/SF) 7% Cap Rate
Investment Highlights
- Corporate Burlington (NYSE: BURL):
- Four 5-Year Options at $0.50/SF in Each Option
- Burlington Reported Strong Q4 2024 and Fiscal Year 2024 Results – Total Sales Growth of 11% and Comparable Store Sales Growth of 4%
- 10-Year Initial Lease Term; 5+ Years Remaining
- Major Recent Improvements – New Roof (2026) and HVAC (2021)
- Burlington Operates 1,200+ Stores in 46 States, Washington D.C., and Puerto Rico
Executive Summary
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
- -
- -
- -
Burlington began in 1972 when Monroe and Henrietta Milstein opened a coat factory outlet in New Jersey. The original store sold branded outerwear at wholesale prices. Over time, the company expanded its merchandise to include clothing, accessories, home goods, and footwear. Burlington grew from a single location into a national chain with numerous stores across multiple states. The company transitioned to public ownership through initial public offerings in 1983 and 2013. Burlington established itself as a major off-price retailer by offering a wide range of products at discounted rates.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-18600-0119-001-00 | Improvements Assessment | $1,100,000 |
| Land Assessment | $700,000 | Total Assessment | $1,800,000 |
Property Taxes
Presented by
Burlington | San Angelo, TX | 4238 Sunset Dr
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