Description

DuWest Realty Investment Services has been exclusively retained to present the opportunity to acquire Lake View Towne Centre (“The Property”), a 23,949 square foot (3.34 acres) multi tenant net lease with 13 years of operating history at the location. The Property is located in San Angelo, Texas and is Shadow Anchored by Walmart Supercenter. It features excellent visibility along Highway 87, the primary north/ south thoroughfare in and out of San Angelo. The center is parallel to the street and offers easy access from both directions and ample, convenient parking.

Built in 2009, Lake View Towne Centre features junior anchor tenant draws Dollar Tree and Nova Medical which will provide occupational health services. The rent roll reflects 85% of nationally recognized tenants including several e-commerce resistant retailers. The in-place income is stable with 4 of the 7 leases being corporately-guaranteed, which represents 77% of the total revenue. The Property is situated in a retail node featuring other traffic generators other than Walmart such as Walgreens, Sonic, Wendy’s, Wing Stop, Domino’s Pizza, and Tractor Supply.

Square Feet

23,949 SF