5555 Sherwood Way, San Angelo, TX

Listing agent Robert James License #NY 10311201830

Listing office HMX Realty Advisors - Corporate Show Phone

Listing date Jul 5, 2024

Source Moodyscre

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Overview

This property is a pad site located near Walmart and Lowe’s. It features a new 10-year lease extension. The rent to sales ratio is 5.4%, with annual sales of $2.5 million, as supplied by the tenant's annual financials. The property includes a double-sided electronic billboard with a 24-year ground lease. The billboard lease includes 10% escalations every 7 years. The tenant is the largest Wendy's franchisee with over 300 locations. The property size is 3,450 square feet and is located at 5555 Sherwood Way, San Angelo, TX.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

San Angelo

County

Tom Green

State

Texas

Longitude

-100.513

Latitude

31.4272

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FAQs

What type of property is this?

Drive through restaurant - Restaurant pad site with billboard near Walmart and Lowe’s.

Where is this drive through restaurant located?

The property is located at 5555 Sherwood Way San Angelo, TX.

What is the asking price?

The asking price for this property is $2,846,000.

What are key features of this property?

This property features: New 10‑year lease extension; Pad site to Walmart and Lowe’s; Double sided electronic billboard with a 24‑year ground lease