3217 Sherwood Way San Angelo, TX 76901-3521
Property profile & analytics
3217 Sherwood Way San Angelo, TX 76901-3521
- Drive through restaurants
- 1,527 SF
- 0.30 lot acres
Property ID
US82-6946986
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Starbucks / 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
based on Realmo’s proprietary methodology
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CAP approach
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Alternative Use
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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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$10,073
$111,640
$394,680
$506,320
-
$111,640
$394,680
$506,320
