1480 Knickerbocker RdSan Angelo, TX 76904

Property Details for 1480 Knickerbocker Rd

Year built

2023

Lot size

0.94 AC

Property size (Sq ft)

510 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

San Angelo

County

Tom Green

State

Texas

Latitude

31.4328

Longitude

-100.454

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