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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 multinational coffeehouse chain founded in 1971 in Seattle, Washington. Initially a retailer of coffee beans and equipment, the company expanded under Howard Schultz’s leadership in the late 1980s to become a global coffeehouse brand. Starbucks operates thousands of stores worldwide, including over 3,000 in California, offering coffee, tea, and food products alongside branded merchandise. The company emphasizes ethical sourcing and sustainability in its operations. Starbucks is publicly traded on NASDAQ under the ticker symbol SBUX and reported employing approximately 381,000 people globally in 2025. Its growth strategy includes licensed stores, digital ordering platforms, and specialty formats such as Starbucks Reserve® Roasteries.
| 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
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1225 Knickerbocker Rd
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