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234 Avenue L W San Angelo, TX 76903

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For Sale
$5,950,000

Single-tenant warehouse on 13 acres with long-term NNN lease.

Lot size:
13.32 Acres

Property Features for 234 Avenue L W

General Information

Lot size
13.32 Acres

Source: Steve Eustis Co Agent Brandon K Sanders

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

San Angelo Warehouse Investment Opportunity

This industrial investment opportunity is located in San Angelo, TX, and features a 114,991 square foot single-tenant warehouse on 13 acres. The property has a long-term NNN lease in place that extends through January 31, 2031, with two renewal options. The lease provides stable rental income and annual increases, with an 8.2% average cap rate over the lease term. The landlord is responsible for the roof and structure. The property has undergone over $1.2 million in capital improvements, including a new TPO roof, LED lighting throughout, fresh interior and exterior paint, and upgraded flooring. The property also includes approximately 4 acres of excess land that is not part of the lease, offering potential for future expansion or development.
Location Intelligence

Current Use by Public Records

Acme Millwork, Inc Manufacturer Nukem Hydro Dipping Print Shop

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Self-Storage at U-Haul, Welch Transfer & Storage

Location Insight

  • Map
  • Local Demand
City
San Angelo
County
Tom Green
State
Texas
Longitude
-100.437805
Latitude
31.444943

FAQs

What type of property is this?
Warehouse - Single-tenant warehouse on 13 acres with long-term NNN lease.
Where is this warehouse located?
The property is located at 234 Avenue L W San Angelo, TX.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: - Long-term NNN lease in place through January 31, 2031, with two renewal options, providing stable rental income.; - Enjoy an **8.2% average cap rate** over the lease term.; - **114,991 SF single-tenant warehouse** on 13 acres.
More about this property
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