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San Angelo, TX - 3-Tenant Strip

$4,131,000

5651 Sherwood Way, San Angelo, TX 76904

Active
Last Updated: 03/25/2025

6

Cap Rate

247,846

NOI

Details:
Cap Rate:    6%
NOI:    $247,846
Building Size:    5,786 sqft
Lot Area:    0.95 acres
Occupancy:    100%
Year Built:    2018
Description:

• The offering consists of a strong tenant lineup, creating a stabilized, income stream for a new investor
• The property is divided into three suites with Starbucks occupying 2,150 SF, Crumbl occupying 1,236 SF, and Stanton Optical occupying the remaining 2,400 SF
• All tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor

• The asset is strategically positioned as an outparcel to a Walmart Supercenter, significantly increasing consumer traffic to the center
• The property is located across from a recently constructed H-E-B grocery store, one of the leading grocers in the state of Texas
• The property is in the center of a primary retail corridor with other
nearby national/credit tenants including Sam’s Club, Kohl’s, Lowe’s Home Improvement, Target, Academy, Hobby Lobby, PetSmart, Best Buy, Chick-fil-A, Panda Express, and more, further increasing consumer traffic to the site
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site

Map:
Location
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