3129 Knickerbocker Rd
San Angelo, TX 76904
Tropical Smoothie Cafe · Retail Property For Sale

TREK Investment Group is pleased to offer for sale Tropical Smoothie Cafe in San Angelo, Texas. The building itself is 2,075 square feet and has a new 11 year, absolute NNN lease with a personal guarantee from the franchisee. The lease has a 10% rent increase in year 6, and there are two 5-year options to extend with 10% rent increases. Tropical Smoothie Cafe currently has 640 locations in 43 states and more on the way. They offer healthyreal-fruit smoothies, wraps, sandwiches and salads. Their "play-to-win" philosophy is delivered by theirleadership team and backed by the strength of their investment group, Buckhead Investment Partners. The property is located on the hard corner of Office Park Drive and Knickerbocker Road connecting Loop306 with Hwy 87. It is just off Hwy 87 that runs through the center of San Angelo from Austin to Midland/Odessa. It is in a heavy retail area 6 minutes from San Angelo's main Sunset Mall and only 2 minutes from Angelo State University and San Angelo Stadium. Some of the surrounding national retailers include: Sonic, Subway, Taco Bell, Burger King, Chick-fil-A, Cheddars, Twin Peaks, and IHOP. San Angelo has a growing population of over 100,000 people, and the 3-mile average household income is approximately $58,000. The city is the county seat and home to San Angelo State University with a current enrollment of over 10,000 students, and Goodfellow Air Force Base, the main intelligence training center for all U.S. armed service branches. A 2017 Forbes Magazine article lists San Angelo as one of the 7 top places in the US that aspiring entrepreneurs should consider moving.