1909 Beauregard Ave San Angelo, TX 76901-3919

Property Details for 1909 Beauregard Ave

Year built

1966

Lot size

1.63 lot acres

Property size

3,360 SF

Property type

Automotive properties

APN

26-47200-0190-001-00

APU

2647200019000100

Description

This exceptional investment opportunity presents a 32,000-square-foot Class A auto shop and storefront located at 1909 W Beauregard Ave, San Angelo, TX 76901. The property, built in 1960 and renovated in 2020, sits on a 2.16-acre lot and boasts an absolute NNN lease with Caliber Collision, the nation's largest collision repair provider, extending until August 31, 2035 (10.8 years remaining). The lease includes a corporate guarantee and features 10% rent bumps every five years, ensuring consistent income growth. With a current asking price of $4,656,400, the property offers a compelling 7.00% cap rate and a strong NOI of $325,948. The property benefits from its strategic location along a major retail and traffic corridor, experiencing daily traffic counts exceeding 15,000 vehicles. Its proximity to Goodfellow Air Force Base, Sunset Mall (a 560,000-square-foot shopping center), and Angelo State University further enhances its value and potential for long-term growth. The densely populated area, with over 100,000 people within a five-mile radius, contributes to a stable and robust market. This property also qualifies for significant tax benefits through accelerated depreciation and cost segregation. The price per square foot is $145.51.

Location Insight

City

San Angelo

County

Tom Green

State

Texas

Longitude

-100.461

Latitude

31.4525

CBSA code

41660

CBSA name

SAN ANGELO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments