3217 Sherwood Way, San Angelo, TX 76901-3521

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.