3217 Sherwood Way San Angelo, TX 76901-3521
- Drive through restaurants
- 1,527 SF
- 0.30 lot acres
Current Use by Public Records
- Starbucks / Internet Cafe / Coffee Shop
Property Details for 3217 Sherwood Way
- Year built
- 2004
- Lot size
- 0.30 lot acres
- Property size
- 1,527 SF
- Property type
- Drive through restaurants
- APN
- 01-10600-0003-004-00
- APU
- 110600000300400
Description
This exceptional investment opportunity features a 1,500 square foot Starbucks located at 3217 Sherwood Way, San Angelo, TX 76901. The property sits on a 0.3-acre lot and is currently operating under a 5-year Net Lease (NN) agreement with a corporate guarantee from Starbucks, commencing March 1, 2024, and expiring February 28, 2029. The lease boasts a remaining term of approximately 4.3 years and a current annual net operating income (NOI) of $71,820, representing a 5.50% capitalization rate. The asking price is $1,305,818, translating to a price per square foot of $870.55. The lease includes options for 10% rental increases in each of the four, five-year renewal periods, providing significant long-term growth potential. This is a single-tenant, 100% occupied property offering a secure investment with a strong, nationally recognized tenant. The property's location in San Angelo, Tom Green County, Texas, ensures high visibility and accessibility. This is a rare opportunity to acquire a high-performing, well-located Starbucks investment. The tenant is responsible for property taxes and insurance, minimizing the investor's operational responsibilities.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $295,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $233,000
Market price range: $96.2k - $233k
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Location Insight
- Map
- Local Demand
- City
- San Angelo
- County
- Tom Green
- State
- Texas
- Longitude
- -100.479
- Latitude
- 31.4453
- CBSA code
- 41660
- CBSA name
- SAN ANGELO, TX METROPOLITAN STATISTICAL AREA
