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Burlington | San Angelo, TX 4238 Sunset Dr 29,817 SF Retail Building San Angelo, TX 76904 $4,650,000 ($155.95/SF) 7.25% 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
Long-Term Lease; Corporate Tenant | Dominant Regional Shopping Destination | Income Tax-Free State
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
29,817 SF
Building Class
C
Year Built/Renovated
1996/2021
Price
$4,650,000
Price Per SF
$155.95
Cap Rate
7.25%
NOI
$336,923
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.29
Lot Size
2.36 AC
Parking
162 Spaces (5.43 Spaces per 1,000 SF Leased)
Frontage
172’ on Sunset Dr
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- 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 | ||
|
|
Retailer | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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
Parcel Number
07-18600-0119-001-00
Land Assessment
$700,000
Improvements Assessment
$1,100,000
Total Assessment
$1,800,000
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