Your email has been sent.
1225 Knickerbocker Rd 2,281 SF Retail Building San Angelo, TX 76904 $2,505,000 ($1,098.20/SF) 6.25% Cap Rate
Investment Highlights
- New Construction, 10-Year NN+ Lease
- Investment-grade tenant (BBB+/Baa1)
- 10% rent increases every 5 years provide a hedge against inflation
- Rare lease structure with Starbucks responsible for the common area maintenance and transferable roof warranty included
Executive Summary
*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
Property Facts
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 2,281 SF
- $5.71
- Triple Net
- Aug 2034
Starbucks is a publicly traded coffeehouse and beverage company focused on the sourcing, roasting, and retailing of coffee and related products. Founded in 1971 in Seattle, Washington, the company began as a retailer of whole bean coffee and coffee equipment before evolving into a café-based model in the late 1980s. Starbucks operates company-owned and licensed locations across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region, supported by regional offices and corporate functions. The company’s operations include retail stores, roasting facilities, and supply chain infrastructure that supports both in-store and packaged goods channels. Starbucks has expanded its portfolio over time to include tea-based beverages, food offerings, and ready-to-drink products distributed through grocery and foodservice partners. The company has also developed premium concepts, including Starbucks Reserve, which emphasizes small-batch coffee and experiential retail formats. Starbucks is listed on the Nasdaq under the ticker symbol SBUX. Its corporate headquarters, known as the Starbucks Center, is located in Seattle and houses executive leadership, global operations, and administrative functions.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 2,281 SF | $5.71 | Triple Net | Aug 2034 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-30430-0000-002-00 | Improvements Assessment | $733,460 |
| Land Assessment | $230,690 | Total Assessment | $964,150 |
Property Taxes
Presented by
1225 Knickerbocker Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.