1225 Knickerbocker Rd - Retail FOR SALE


San Angelo, TX 76904
$2,608,000 USD
619-818-5852
1225 Knickerbocker Rd, San Angelo, TX for Sale
$2,608,000 USD
Retail - FOR SALE
1/8
null | 6% Cap Rate

1225 Knickerbocker Rd
San Angelo, TX 76904


HIGHLIGHTS

  • New Construction, 10-Year NN+ Lease
  • 10% rent increases every 5 years provide a hedge against inflation
  • Investment-grade tenant (BBB+/Baa1)
  • Rare lease structure with Starbucks responsible for the common area maintenance and transferable roof warranty included

OVERVIEW

*Investment grade tenant – the corporate lease is backed by Starbucks Corporation, a globally recognized tenant with over 40,200 locations and a BBB+/Baa1 credit rating from S&P and Moody’s *Directly across Knickerbocker Road from Angelo State University, home to 11,542 students and 426 faculty members Excellent access and visibility from Knickerbocker Road with ample parking and drive-through options *Strategic location in close proximity to 2 major medical centers with over 725 patient-beds (Shannon West Texas Memorial Hospital | San Angelo Community Medical Center) *This location also benefits from its proximity to Goodfellow Air Force Base, a joint service base serving a population of over 12,500. Goodfellow AFB has ~3,500 students at one time and graduates over 10,000 students annually. *Densely Populated and Affluent Trade Area with ~63,000 residents within 3 miles with an average household income over $80,500, projected to increase to over $91,800 by 2029 *Income Tax-Free State – Texas in an income tax free state

FOR SALE DETAILS

PRICE

$2,608,000 USD

PRICE/SF

$1,143 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,631 SF

ZONING

C1

APN/PARCEL ID

15-30430-0000-002-00

ASK ABOUT THIS PROPERTY

Robert DonnellSRS Real Estate PartnersMore Info
619-818-5852

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Robert DonnellSRS Real Estate PartnersMore Info
619-818-5852

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