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30090003
30090004

5651 Sherwood Way, San Angelo, TX 76904

TI
537583
SRS Real Estate Partners Corporate Headquarters
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Corporate Headquarters, SRS Real Estate Partners Newport Beach
$3,966,000
94 days on market
Updated 72 days ago

Three Tenant National Credit Strip (San Angelo, TX)

Details
APN 08-21925-0001-002-00
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 5,786
Units 3
Cap Rate 6.25%
NOI $247,846
Occupancy 100%
Tenancy Multi
Brand/Tenant Starbucks, Crumbl Cookies (+1)
Lease Type NNN
Lease Term 12.8
Lease Expiration 12/01/2029
Remaining Term 3.5
Rent Bumps Yes
Lease Options YES - Varied
Price per SqFt $685
Broker Co-Op Yes
Class A
Year Built 2018
Buildings 1
Acreage 0.950
Zoning C2: Commercial
Parking Spaces 50 spaces
Parking Per SqFt 8.64
Investment Type Net Lease
Lease Commencement 03/01/2017
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Sale Condition 1031 exchange

3-Tenant Strip | Pad to Walmart and H-E-B Adjacent | National Tenants

Marketing description

Strong Tenant Lineup | 100% Occupied | NNN Leases

• 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 Cookies 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

Outparcel To Walmart Supercenter | Across From H-E-B | Retail Corridor | Strong National/Credit Tenant Presence

• 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

Strong Demographics In 5-Mile Trade Area

• The 5-mile trade area is supported by approximately 66,700 residents and 36,100 employees, providing a direct consumer base from which to draw

• Residents within 1 mile of the subject property boast an affluent average household income of $120,755.

Listing Contacts

TI
537583
SRS Real Estate Partners Corporate Headquarters
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Corporate Headquarters, SRS Real Estate Partners Newport Beach

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$247,846.00
$20,653.83/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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