3217 Sherwood WaySan Angelo, TX 76901

Property Details for 3217 Sherwood Way

Year built

2004

Lot size

0.30 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $451,340

  6.5%

  $416,621

  7%

  $386,863

• Comparable approach

  Method

  Valuation

  Relative Method

  $874,544

  Geo Method

  $874,544

• Alternative Use

  Use

  Valuation

  Residential

  $351,436

  Hospitality

  $321,913

  Educational

  $267,828

  Medical

  $277,039

  Retail

  $416,621

Location Insight

City

San Angelo

County

Tom Green

State

Texas

Latitude

31.4453

Longitude

-100.479

CBSA code

41660

CBSA name

SAN ANGELO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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