About This Restaurant
Investment Highlights
Brand New 15-Year Ground Lease With (5) 5-Year Options to Renew and 10% Rental Increases Every 5 Years Strategically Located Adjacent to Angelo State University (10,800+ Students) ? Within Walking Distance of 1,000+ Units of Student Housing 7 Brew Coffee Has the Highest AUV of the Major Coffee QSR with an Average Revenue of $2.4M Located Off Knickerbocker Rd (23,500+ VPD) & S Jackson St (12,700+ VPD) Strong Neighboring Tenants Include Chick-Fil-A, Raising Cane?s, Taco Bell, Burger King, and More San Angelo | Home to Angelo State University ? Ranked as One of the Nation?s Best Colleges | Population: 99,401+
Executive Summary
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Storefront Fast Food
- Building Size 510
- Year Built 2023
- Price 1,658,500
- Price Per SF 3,252
- Cap Rate 6.15
- NOI 102,005
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.01
- Land Acres 0.94 AC
| Date Created: | 2024-07-16 04:23:42 | Last Updated: | 2024-07-16 04:23:42 |
| Address: | 1480 Knickerbocker Road , San Angelo, Texas, 76904 | ||