Major San Angelo Property Listed for Nearly $5 Million

SAN ANGELO, TX — The Burlington Coat Factory property in San Angelo is now on the market, listed for $4.9 million, according to Chris Matlock of Trek Investment Group.

The sale includes the property, not the business, and Burlington will remain at the location under a lease agreement until at least 2032.

The lease includes approximately seven years remaining, with options for four additional five-year renewals.

“Most likely, Burlington will renew and continue operations at this location,” Matlock said. However, if the lease term is not renewed, the space could potentially become vacant or be repurposed by a new tenant.

In addition to the Burlington property, a nearby Mattress Firm property is also for sale by the same owner. That property is listed at $2,015,000 and has a similar lease structure with approximately seven years remaining.

For more details, the listings are available on loopnet.com.