Sherwood Oaks Shopping Center | San Angelo, TX
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.
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