For Sale
$425,000

1518 Beauregard Ave San Angelo, TX 76901

Net Lease, 8.41% Cap Rate, 4,250 SF

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a fee-simple medical office building located at 1518 W Beauregard Ave, San Angelo, TX 76901. The property, totaling 4,250 square feet, is currently 100% occupied by CenterWell Home Health under a triple-net (NNN) lease with a corporate guarantee. The lease commenced January 1st, 2023, and expires December 31st, 2025, with a remaining lease term of approximately 1.1 years. Two three-year renewal options are included, providing significant long-term stability. The asking price is $425,000, representing a compelling $100 per square foot and an attractive 8.41% capitalization rate based on a current Net Operating Income (NOI) of $35,756. Built in 1957 and renovated in 2006, this single-unit building sits on a 0.16-acre lot. Rent bumps are available within the lease options. This is a rare opportunity to acquire a stable, well-located medical office building with a strong tenant and significant upside potential in the desirable San Angelo market. The property offers a bite-sized investment opportunity with a corporate guarantee and multiple renewal options, making it an ideal addition to any portfolio.

Highlights

  • Flexible lease renewal options with built-in rent increases.
  • Strong corporate guarantee backing the lease.
  • Small, easily manageable medical office space lease.

Property Details for 1518 Beauregard Ave

Property type
Office properties, Medical offices
Square Feet
4,250 SF
Year Built/Renovated
1957/2006
Buildings
1
Lot Size (sq. ft)
6,970 SF
Units
1

Location Insight

City
San Angelo
County
Tom Green
State
Texas
Latitude
31.4553244
Longitude
-100.456955

FAQs

What type of property is this?
Office property - Net Lease, 8.41% Cap Rate, 4,250 SF
Where is the office property located?
The property is located at 1518 Beauregard Ave San Angelo, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Flexible lease renewal options with built-in rent increases.; Strong corporate guarantee backing the lease.; Small, easily manageable medical office space lease.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1518 Beauregard Ave
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