Investment Overview

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.