4150 Sunset Dr San Angelo, TX 76904-5614

Property Details for 4150 Sunset Dr

Year built

2013

Lot size

0.75 lot acres

Property size

4,380 SF

Property type

Retail space

APN

07-18600-0119-001-10

APU

718600011900110

Description

This exceptional Class A, 4,500 square-foot retail storefront in San Angelo, Texas, presents a compelling investment opportunity. Boasting a strong 7.0% cap rate and a Net Net lease with a corporate guarantee from Mattress Firm, the property offers significant financial stability. The lease, commencing April 26, 2013, and expiring June 30, 2032, has approximately 7.6 years remaining, with a valuable 5-year option to renew at a 10% rent increase. The property is situated on a 0.75-acre lot and benefits from a prime location in San Angelo's dominant retail corridor, near the intersection of W 306 Loop and Sherwood Way (41,045+ and 21,549+ vehicles per day, respectively). Its proximity to major retailers like Burlington, Big Lots, Target, Ashley Furniture, Ross, and the Sunset Mall (anchored by Dillard's, JC Penney, and Marshalls) ensures high visibility and foot traffic. Furthermore, the property's strategic location is within three miles of Angelo State University (10,000+ students) and eight miles from Goodfellow Air Force Base (9,000+ students and 12,000+ family members), providing a substantial and stable customer base. The $141,111 annual net operating income (NOI) and $447.78 price per square foot further solidify this investment's attractiveness. The San Angelo Regional Airport, serviced by major airlines, is also within five miles. The property's strong tenant, prime location, and favorable lease terms make it an ideal addition to any investment portfolio. The building was constructed in 2013. The landlord is responsible for roof and structure maintenance only.