1225 Knickerbocker Rd San Angelo, TX 76904

This exceptional investment opportunity presents a single-tenant, 2,281 square foot Starbucks drive-thru located at 1225 Knickerbocker Rd, San Angelo, TX 76904. The property sits on a 0.76-acre lot and boasts a brand-new, 10.1-year net lease (commencing August 14, 2024 and expiring August 31, 2034) with a corporate guarantee from Starbucks, a tenant with an investment-grade credit rating. The lease includes four (4) and five (5) year option periods and features a 10% rent increase every five years, ensuring a strong and predictable return on investment. The property's Net Operating Income (NOI) is $156,500, resulting in a 5.75% cap rate. Built in 2018 and renovated in 2024, this Class A property benefits from its strategic location across from Angelo State University (over 11,000 students) and near other top national retailers. The property's high visibility and consistent foot traffic, coupled with its proximity to Shannon West Texas Memorial Hospital, contribute to its strong investment potential. The asking price is $2,721,000. This is a rare lease where Starbucks maintains the common area. The property features one building, one story, and is 100% occupied.