1480 Knickerbocker Road
San Angelo, TX
Price:
$1,658,500
Cap Rate:
6.15%
NOI:
$102,000
Building Size:
Approx. 510 Sq. Ft.
Lot Size:
Approx. 0.94 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2023
Investment Overview
- 2023 Construction. 510+/- SF Building on 0.94+/- Acre Site
- Brand New 15-Year Ground Lease With (5) 5-Year Options to Renew and 10% Rental Increases Every 5 Years
- Located Off Knickerbocker Rd (23,500+ VPD) & S Jackson St (12,700+ VPD)
- Strategically Located Adjacent to Angelo State University (10,800+ Students) – Within Walking Distance of 1,000+ Units of Student Housing
- Strong Neighboring Tenants Include Chick-Fil-A, Raising Cane’s, Taco Bell, Burger King, and More
- 7 Brew Coffee Has the Highest AUV of the Major Coffee QSR with an Average Revenue of $2.4M
- San Angelo | Home to Angelo State University – Ranked as One of the Nation’s Best Colleges | Population: 99,401+