3201 Arden Road
San Angelo, TX
Price:
$2,136,000
Cap Rate:
5.15%
NOI:
$110,000
Building Size:
Approx. 1,500 Sq. Ft.
Lot Size:
Approx. 0.43 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2022
Investment Overview
- 2023 Construction. 1,500+/- SF Building on 0.43+/- Acre Site
- New 20-Year Ground Lease w/ 10% Rent Increases in Primary and Option Periods Plus (3), 5-Year Options to Renew
- Excellent Location Along Sherwood Rd (25,708+ VPD), the Primary Commercial Corridor in San Angelo
- Near the Shops at Sherwood, a 300,000+ SF Vibrant Outdoor Experience in Shopping, Dining, and Entertainment
- 6 Miles Away from the San Angelo Regional Airport, w/ Easy Access from Adjacent Sunset Mall and San Angelo State Park
- Take 5 has 1,000+ Locations & $1.29M in Annual Sales and has been Awarded the #1 Spot in Customer Satisfaction for Aftermarket Quick Oil Changes Two Years in a Row
- San Angelo | Home to Angelo State University – Ranked as One of the Nation’s Best Colleges | Population: 99,401+