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Dollar General - San Angelo TX 2934 N Chadbourne St 12,200 SF Retail Building San Angelo, TX 76903 $719,923 CAD ($59.01 CAD/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Recent Renewal | NN Lease | Scheduled Rental Increases
- Located Along N. Chadbourne St | U.S. Hwy 87 | Excellent Visibility & Access
- Local Demographics in 5-mile Trade Area
- Corporate Guaranty | Established, Growing Brand
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby School
EXECUTIVE SUMMARY
• Recent 5 year extension on the lease, with 2 (3-year) renewal options, supporting long term-commitment to the site
• The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation
• The tenant is responsible for taxes, insurance, and all operating expenses, with the landlord only responsible for Roof, Foundation, Exterior and Load-Bearing Walls, Structural Portions, Exterior Utility Lines
• The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation
• The tenant is responsible for taxes, insurance, and all operating expenses, with the landlord only responsible for Roof, Foundation, Exterior and Load-Bearing Walls, Structural Portions, Exterior Utility Lines
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,200 SF
Building Class
C
Year Built
1964
Price
$719,923 CAD
Price Per SF
$59.01 CAD
Cap Rate
7.75%
NOI
$55,808 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.55 AC
Zoning
GC - General Commercial
Parking
59 Spaces (4.84 Spaces per 1,000 SF Leased)
Frontage
240’ on Chadbourne St
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-33200-0015-008-00 | Improvements Assessment | $433,538 CAD |
| Land Assessment | $69,925 CAD | Total Assessment | $503,464 CAD |
PROPERTY TAXES
Parcel Number
18-33200-0015-008-00
Land Assessment
$69,925 CAD
Improvements Assessment
$433,538 CAD
Total Assessment
$503,464 CAD
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Dollar General - San Angelo TX | 2934 N Chadbourne St
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