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30880847
30880848

4509 Sherwood Way, San Angelo, TX 76901

TA
CA 01936642
CBRE - South Bay
RB
CA CA 01934760
CBRE - South Bay
KP
CA 02076597
CBRE - South Bay
CBRE - South Bay
Listed by CBRE - South Bay
$5,603,000
90 days on market
Updated 89 days ago

Sherwood Oaks Shopping Center | San Angelo, TX

Details
APN R000006260
Property Type Retail
Sub Type Shopping Center
Square Footage 23,600
Net Rentable (SqFt) 23,600
Units 8
Cap Rate 7.60%
NOI $427,106
Occupancy 100%
Tenancy Multi
Brand/Tenant AT&T, McAlister's Deli
Lease Type NNN
Rent Bumps Yes
Price per SqFt $237
Year Built 2007
Buildings 3
Stories 1
Acreage 4.000
Investment Type Net Lease
Ground Lease No

7.60% CAP | 100% Occupied | 23,600 SF

Marketing description

  • PRICING: $5,603,000

  • CAP RATE: 7.60%

  • NOI: $427,106

  • SQUARE FEET: 23,600 SF

  • OCCUPANCY: 100%

Investment highlights

SHERWOOD OAKS SHOPPING CENTER

This offering is for Sherwood Oaks Shopping Center, a 100% occupied, 8-tenant shopping center in San Angelo, TX. The property offers a diverse tenant mix, including anchor tenants such as AT&T, McAlister’s Deli, and Mil Amores Mexican restaurant. A full rent roll can be found on page 5.

MINIMAL LANDLORD RESPONSIBILITIES

Tenants at the property are subject to Double Net (NN) Leases, resulting in minimal landlord responsibilities. Tenants reimburse for taxes, insurance, and common area maintenance. Landlord is responsible for the roof & structure.

STRATEGIC RETAIL LOCATION

The subject property is located in a dominant retail stretch along Sherwood Way, near several prominent national retailers, including Walmart Supercenter, Sam’s Club, Target, Ross, Academy Sports, Lowe’s, Best Buy, Hobby Lobby, Tractor Supply, HEB, and many more.

EXCELLENT SITE-LEVEL VISIBILITY

The property benefits from having frontage on Sherwood Way, a major retail thoroughfare in San Angelo with traffic counts of 19,807 vehicles per day by the site. It’s also close to a point of entry to TX-306 Loop, which has traffic counts of 39,435 vehicles per day in this area.

SUNSET MALL

Less than a mile from the property is Sunset Mall, a 559,000+ square feet indoor shopping mall that features retailers such as Marshalls, JCPenney, Fitness 1440, two Dillard’s, and more.

Listing Contacts

TA
CA 01936642
CBRE - South Bay
RB
CA CA 01934760
CBRE - South Bay
KP
CA 02076597
CBRE - South Bay
CBRE - South Bay
Listed by CBRE - South Bay

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$427,106.00
$35,592.17/mo

Valuation Metrics

0
DSCR
7.62%
Cap Rate
7.62%
ROI

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