4505 Sherwood Way - Restaurant FOR SALE
San Angelo, TX 76901 |
4505 Sherwood Way
San Angelo, TX 76901
HIGHLIGHTS
- Absolute NNN lease features ±12.0 years of primary term remaining with three 5-year renewal options and a corporate guaranty from Bloomin’ Brands.
- The offering boasts rare annual rent increases of 1.8%.
- Located on Sherwood Way (24,040 VPD), where it is just feet from the on-ramp of TX-306 Loop (39,118 VPD).
- Positioned as an outparcel to the Sherwood Oaks Shopping Center, which is anchored by Cinemark Tinseltown USA and Crunch Fitness.
- 7.5 MSF of retail, 2.7 MSF of office, 1.9 MSF of industrial, and 7,905 multifamily units within a 5-mile radius.
- The site is within 1 mile of over 3,000 households, providing Outback with a substantial built-in customer base within walking distance.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Outback Steakhouse: San Angelo, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
6184
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
97
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
23-41410-0001-005-00
