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1225 Knickerbocker Rd 2,281 SF Retail Building San Angelo, TX 76904 $3,434,756 CAD ($1,505.81 CAD/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
- $7.83 CAD
- Triple Net
- Aug 2034
Starbucks Coffee Company is a multinational coffeehouse operator headquartered in Seattle, Washington. The company was founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker, initially operating as a retailer of roasted coffee beans and equipment in Seattle’s Pike Place Market. Starbucks later expanded into a café-based model emphasizing handcrafted beverages and in-store customer experience, evolving into one of the most recognizable food and beverage brands worldwide. Starbucks operates through a mix of company-operated and licensed stores, selling coffee, tea, espresso-based beverages, and complementary food items.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 2,281 SF | $7.83 CAD | Triple Net | Aug 2034 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-30430-0000-002-00 | Improvements Assessment | $1,004,972 CAD |
| Land Assessment | $316,087 CAD | Total Assessment | $1,321,059 CAD |
Property Taxes
Presented by
1225 Knickerbocker Rd
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