San Angelo Marketplace

Price: $13,956,800
Sq. Ft.: 64,780
Cap Rate: 6.77%
Built: 2008
NNN
VIEW PACKAGE

San Angelo Marketplace is a stabilized 64,780-square-foot, multi-tenant regional shopping center located in San Angelo, Texas. Anchored by PetSmart and Michaels, the center is 100 percent occupied with a complementary mix of national, regional and local businesses including Cicis Pizza, Sport Clips, Angelo Nails, Maurice’s, Batteries Plus, Complete Nutrition,  Anytime Fitness, Shogun Steak and Sushi, Blue Tiger Tea House, and Texas Steak Express. Constructed in 2008, the subject property consists of two multi-tenant buildings situated on a large 7.57-acre parcel with ample paved parking. Landlord reports new roofing was installed in 2021 with transferrable 20-year limited warranties.

The subject property enjoys a prime location at the signalized intersection of Sunset Drive and Sherwood Way, which sees over 20,793 vehicles per day. San Angelo Marketplace benefits from multiple ingress and egress points while strategically positioned in San Angelo’s primary retail corridor. The center is adjacent to Academy Sports + Outdoors and Best Buy, with numerous other neighboring national and regional retailers including Target, Ashley Furniture Store, Ross Dress for Less, Buckle, GameStop, Bath & Body Works, HomeGoods, Five Below, Petco, Office Depot, H-E-B, Lowe’s Home Improvement, Walmart Supercenter, Sam’s Club, Kohls, and many more. The subject property is also in close proximity to Sunset Mall, anchored by Marshalls, JCPenney, Ulta Beauty, Dillard’s, and Conn’s Home Plus. Sunset Mall is the only enclosed regional shopping mall within 90 miles of the property and is a major traffic driver to the area with more than two million visitors annually. The surrounding area benefits from strong demographics, serving a population of more than 76,866 residents within a five-mile radius and an average household income of $78,764.

  • 64,780-Square-Foot, Multi-Tenant Regional Shopping Center Located in a Prime Retail Trade Area of San Angelo, Texas
  • Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net
  • Anchored by Petsmart and Michaels | Long-Term, Established Tenant Base Featuring a Complementary Mix of National, Regional, and Local Retailers
  • Landlord Reports a New Roofing was Installed in 2021 with a 20-Year Limited Warranty
  • Property is Adjacent to Academy Sports + Outdoors and Best Buy
  • Double-Sided Pylon Signage Provides Additional Exposure to the Center
  • Located on the Signalized Intersection of Sunset Drive and Sherwood Way | Easily Accessible from Multiple Ingress and Egress Points | Traffic Counts In Front of the Property Exceed 20,793 Vehicles per Day
  • Less than One Mile from Sunset Mall Featuring 70+ Stores | Anchored by Dillard’s, Marshalls, JCPenney, Ulta Beauty, and Conn’s HomePlus | Only Enclosed Regional Shopping Mall Within a 90-Mile Radius | Draws Two Million Visitors Annually
  • Near Numerous National and Regional Retailers, Including Target, Ashley Furniture Store, Ross, HomeGoods, Five Below, Petco, H-E-B, Sam’s Club, Walmart, and More
  • Less than Three Miles from Angelo State University, a Member of the Texas Tech University System | Enrollment is Approximately 9,472 Students
  • San Angelo is Located in the Concho Valley, a Region of West Texas Between the Permian Basin, Chihuahuan Desert, Osage Plains and Central Texas