5555 Sherwood Way - Fast Food FOR SALE


San Angelo, TX 76904
$2,846,000 USD
917-741-1525
5555 Sherwood Way, San Angelo, TX for Sale
$2,846,000 USD
Fast Food - FOR SALE
1/5
null | 5% Cap Rate

5555 Sherwood Way
San Angelo, TX 76904


HIGHLIGHTS

  • Top 92 percentile of all Wendy’s in Texas
  • Pad to highest performing Walmart in San Angelo with 2.5 million annual visits
  • Pad to top performing Lowe’s - 84% percentile nationally
  • Tenant renovated the property and requested a 10-year lease extension
  • Tenant supplies a unit level P&L - 2.5m annual sales - 5.4% R/S
  • 24-year below market billboard ground lease

OVERVIEW

HMX Realty Advisors exclusively presents for sale a top performing, recently renovated Wendy’s with a new 10-year lease. This Wendy’s performance is ranked in the 92 percentile of all Wendy’s in Texas making it a top performer. The property is a pad site to a Walmart Supercenter which is the top performing Walmart in San Angelo with 2.5 million annual visits. Lowe’s is adjacent to the Walmart Supercenter is ranks in the top 84% of all Lowe’s nationally. The Wendy’s is open until 1:30 AM demonstrating its strategic location. HEB is across the street with Chick-Fil-A and Chipotle. Kohl's and Sam's Club are directly to the south and the 560,000 sf Sunset Mall is to the north with Marshalls, Ross, HomeGoods and JCPenney. This is a very dense retail corridor which supports two HEB grocery stores. San Angelo has a steadily growing population, and the average household income is over $94,000 within a one-mile radius. Wendy’s is leased to Wendab Associates, part of WendPartners Franchise Group, Wendy’s largest franchisee with 329 locations.

FOR SALE DETAILS

PRICE

$2,846,000 USD

PRICE/SF

$825 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Top Performing Wendy's in Texas

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

-

APN/PARCEL ID

08-21925-0001-006-30

ASK ABOUT THIS PROPERTY

Robert JamesHMX Realty AdvisorsMore Info
917-741-1525

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Robert JamesHMX Realty AdvisorsMore Info
917-741-1525

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.