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Shopping Strip

Walmart Plaza

5150 Southland Blvd, San Angelo, TX 76904

Listing Price: $2,798,000

Cap Rate
7.50%
Gross SF
13,800
Rentable SF
13,800
Price/Gross SF
$202.75
Lot Size
1.20 acres
Year Built
1995

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 13,800-square foot, Walmart shadow-anchored, multi-tenant retail center located in a prime retail trade area of San Angelo, Texas. The center is currently 100 percent occupied, and all leases are triple-net. Tenants consist of a complementary mix of national and regional retailers including Dollar Tree, Sally Beauty Supply, Cash Store, and West Central Wireless. The center was constructed in 1995 and is situated on a 1.199-acre lot. The subject property is strategically located on Southland Boulevard near the signalized intersection of Southland Boulevard and Sherwood Way in a dense retail trade area. Traffic counts in front of the property exceed 11,165 vehicles per day. The center is shadow-anchored by Walmart Supercenter and in close proximity to many other national and regional retailers including Lowes, Sam's Club, H-E-B Grocery, Chick-fil-A, Great Clips, Orangetheory Fitness, Starbucks, Wendy's, Chevron, Dairy Queen, Academy Sports & Outdoors, Best Buy, Tractor Supply Co., Target, Ross Dress for Less, PetCo, and more. Walmart Plaza is located less than two miles from Sunset Mall. The mall is anchored by Dillard's, JCPenney, Marshalls, and Bealls, featuring more than 70 other tenants. The surrounding area has a five-mile population of 65,040 residents.

Investment Highlights

  • 13,800-Square Foot, Multi-Tenant Retail Center | 100% Occupied | All Leases are Triple-Net
  • Shadow-Anchored by Walmart Supercenter | Neighboring Pad Sites Include Starbucks, Wendy's, Stripes Convenience Store and Chevron
  • Dollar Tree (NASDAtQ: DLTR) and Sally Beauty Supply (NYSE: SBH) are Publicly-Traded Companies
  • Current Average Rents are Below Market

Exclusively Listed By

Shopping Strip

Walmart Plaza

Listing Price: $2,798,000

Cap Rate
7.50%
Gross SF
13,800
Rentable SF
13,800
Price/Gross SF
$202.75
Lot Size
1.20 acres
Year Built
1995

Investment Highlights

  • 13,800-Square Foot, Multi-Tenant Retail Center | 100% Occupied | All Leases are Triple-Net
  • Shadow-Anchored by Walmart Supercenter | Neighboring Pad Sites Include Starbucks, Wendy's, Stripes Convenience Store and Chevron
  • Dollar Tree (NASDAtQ: DLTR) and Sally Beauty Supply (NYSE: SBH) are Publicly-Traded Companies
  • Current Average Rents are Below Market

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 13,800-square foot, Walmart shadow-anchored, multi-tenant retail center located in a prime retail trade area of San Angelo, Texas. The center is currently 100 percent occupied, and all leases are triple-net. Tenants consist of a complementary mix of national and regional retailers including Dollar Tree, Sally Beauty Supply, Cash Store, and West Central Wireless. The center was constructed in 1995 and is situated on a 1.199-acre lot. The subject property is strategically located on Southland Boulevard near the signalized intersection of Southland Boulevard and Sherwood Way in a dense retail trade area. Traffic counts in front of the property exceed 11,165 vehicles per day. The center is shadow-anchored by Walmart Supercenter and in close proximity to many other national and regional retailers including Lowes, Sam's Club, H-E-B Grocery, Chick-fil-A, Great Clips, Orangetheory Fitness, Starbucks, Wendy's, Chevron, Dairy Queen, Academy Sports & Outdoors, Best Buy, Tractor Supply Co., Target, Ross Dress for Less, PetCo, and more. Walmart Plaza is located less than two miles from Sunset Mall. The mall is anchored by Dillard's, JCPenney, Marshalls, and Bealls, featuring more than 70 other tenants. The surrounding area has a five-mile population of 65,040 residents.

Exclusively Listed By

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