6105 Sherwood Way
San Angelo, TX 76901
Price:
$2,500,000
Cap Rate:
4.40%
NOI:
$110,000
Building Size:
Approx. 3,751 Sq. Ft.
Lot Size:
Approx. 1 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2023
Investment Overview
- 2023 Construction. 3,751+/- SF Building on 1.00+/- Acre Site
- New 15 Yr Absolute NNN Ground Lease w/ 10% Rental Increases Every 5 Years
- Excellent High-Traffic Location Along Sherwood Way (31K VPD), the City’s Primary Retail Corridor
- Located in the Shops at Sherwood, a Brand New 35+ Acre Shopping, Dining, and Entertainment Center
- Subject Property is Located Near Walmart, Sam’s Club, Lowe’s, Kohl’s, and H-E-B
- Strong Income Demo’s w/ an est. $81,850 Within a 3 Mile Radius of the Site
- Whataburger is One of the Fastest Growing QSR Chains in the U.S.
- San Angelo | Home to Angelo State University | Population: 100,500+