4505 Sherwood Way San Angelo, TX 76901-5600
Property profile & analytics
4505 Sherwood Way San Angelo, TX 76901-5600
- Turn key restaurants
- 6,168 SF
- 1.20 lot acres
Property ID
US82-6872261
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
- Outback Steakhouse / Bar & Pub
Property Details for 4505 Sherwood Way
- Year built
- 2000
- Lot size
- 1.20 lot acres
- Property size
- 6,168 SF
- Property type
- Turn key restaurants
- APN
- 23-41410-0001-005-00
- APU
- 2341410000100500
Description
This exceptional investment opportunity presents a 6,184-square-foot Outback Steakhouse located in San Angelo, Texas. The property sits on a 1.2-acre lot with 117 parking spaces and enjoys a prime location on Sherwood Way, boasting excellent visibility and access with high daily traffic volume. The absolute NNN lease with Outback Steakhouse (Bloomin' Brands, Inc. corporate guaranty) features approximately 11.9 years remaining on the primary term, with three 5-year renewal options. The lease includes attractive 1.8% annual rent increases, ensuring consistent income growth. The property's strong financial performance is reflected in a 6.50% cap rate and a substantial net operating income (NOI) of $282,965. Built in 2000, this restaurant benefits from its strategic location within a thriving retail corridor, near major roadways, and a significant residential population. The surrounding area includes a mix of retail, office, industrial, and multifamily properties, creating a robust and diverse customer base. This is a rare opportunity to acquire a well-established, high-performing restaurant property with a long-term lease and significant upside potential. The property is situated near other popular businesses such as Cinemark Tinseltown USA and Crunch Fitness, further enhancing its appeal and drawing in a steady stream of customers. The property's location within a mile of over 3,000 households provides a built-in customer base.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable 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
- -100.498
- Latitude
- 31.435
- 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
$18,213
$337,770
$577,750
$915,520
-
$337,770
$577,750
$915,520
