974 South Loop 340
Waco, Texas
Price:
$1,375,000
Cap Rate:
6.00%
NOI:
$82,500
Building Size:
Approx. 510 Sq. Ft.
Lot Size:
Approx. 0.27 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2023
Investment Overview
- 2024 Construction. 510+/- SF Building on 0.27+/- Acre Site
- 15-Year Absolute NNN Ground Lease with 10% Rental Increases Every 5-Years , Plus (5) 5-Year Options to Renew
- Located on North Loop 340 (22.929+ VPD), Directly off of Interstate 35 (112,449+ VPD)
- 3 Miles from Baylor University, a Private Christian University Located in Waco (20,626 students & 1,385 Staff)
- High Performing & High Growth Retail Corridor w/ National Tenants – Surrounded by New Construction & Newly Renovated Properties
- Unlike Most Coffee Chains, 7 Brew’s Unique Business Model Centers Solely on Drive-Thru Business and sees over $2.4M in Annual Revenue
- Waco | Midpoint Between Dallas and Austin | Population: 136,800+