2588 Armstrong St, San Angelo, TX
NNN single tenant investment property with corporate guarantee.
- Added:
- Aug 19, 2025
- Days on Market:
- 297
- Last Refresh:
- May 20 at 8:42 pm
Property Features for 2588 Armstrong St
General Information
- Standard status
- Active
- Size
- 10,566 SF
- Lot size
- 6.08 Acres
- Property subtype
- RETAIL
Listing agent Elizabeth Randall (662) 234-4043
Listing office Randall Commercial Group (662) 234-4043
Listing date Aug 19, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Randall Commercial Group
HighLights
- Corporate Guarantee by Dollar General Corporation
- 15‑Year Lease with Five (5), Five (5) Year Options
- 5% Increases Every 5 Years During Primary Term & Renewal Options
- NNN Single Tenant Investment Opportunity
- Benefit from a ±38,000 3‑Mile Population (STDB)
- San Angelo is in the Permian Basin with Midland and Odessa
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $215.5k | $20.40 |
| − Vacancy | −$12.9k | −$1.22 |
| EGI | $202.6k | $19.18 |
| − OpEx | −$60.8k | −$5.75 |
| NOI | $141.8k | $13.42 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- San Angelo
- County
- Tom Green
- State
- Texas
- Longitude
- -100.437
- Latitude
- 31.4905
