For Sale
$1,658,500

1480 Knickerbocker Rd San Angelo, TX 76904

High-Yield Net Lease, Texas College Town

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a brand-new, 510-square-foot 7 Brew coffee shop situated on a 0.94-acre lot in San Angelo, Texas. Built in 2023, the property boasts a 15-year net lease with five 5-year renewal options, featuring a 10% rent increase every five years. The strategic location adjacent to Angelo State University (over 10,800 students) and within walking distance of numerous student housing units ensures high traffic and strong demand. The property benefits from a high-traffic location off Knickerbocker Road (23,500+ vehicles per day) and S Jackson Street (12,700+ vehicles per day), surrounded by established national QSR brands including Chick-fil-A, Raising Cane's, Taco Bell, and Burger King. The tenant, 7 Brew, is a high-performing coffee QSR with an average annual revenue of $2.4 million. The property offers a 6.15% cap rate and a strong corporate guarantee, making it an attractive investment with significant long-term potential. The asking price is $1,658,500, representing a price per square foot of $3,251.96. The property's Net Operating Income (NOI) is $102,000. This is a rare opportunity to acquire a high-performing, net-leased property in a thriving college town market with exceptional growth prospects. The property is 100% occupied. Tom Green County, Texas, zip code 76904.

Highlights

  • 2023-built, 510-square-foot 7 Brew coffee shop on a 0.94-acre lot.
  • New 15-year ground lease with five 5-year renewal options and 10% rent increases every five years.
  • High-traffic location off Knickerbocker Road (23,500+ VPD) and S Jackson Street (12,700+ VPD).
  • Strategically located adjacent to Angelo State University (10,800+ students) and near 1,000+ student housing units.
  • Strong neighboring tenants include Chick-fil-A, Raising Cane's, Taco Bell, and Burger King.
  • 7 Brew Coffee boasts an average annual revenue of $2.4 million.

Property Details for 1480 Knickerbocker Rd

Property type
Retail properties, Restaurants
Square Feet
510 SF
Year Built
2023
Lot Size (sq. ft)
40,946 SF

Location Insight

City
San Angelo
County
Tom Green
State
Texas
Latitude
31.4328045
Longitude
-100.4541229

FAQs

What type of property is this?
Retail property - High-Yield Net Lease, Texas College Town
Where is the retail property located?
The property is located at 1480 Knickerbocker Rd San Angelo, TX.
What is the asking price?
The asking price for this property is $1,658,500.
What are key features of this property?
This property features: 2023-built, 510-square-foot 7 Brew coffee shop on a 0.94-acre lot.; New 15-year ground lease with five 5-year renewal options and 10% rent increases every five years.; High-traffic location off Knickerbocker Road (23,500+ VPD) and S Jackson Street (12,700+ VPD).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1480 Knickerbocker Rd
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