812 South 6th Street
Waco, TX
Price:
$3,313,000
Cap Rate:
5.75%
NOI:
$190,500
Building Size:
Approx. 2,847 Sq. Ft.
Lot Size:
Approx. 0.85 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built / Renovated:
1984 / 2023
Investment Overview
- 2023 Renovation. 2,847+/- SF Building on 0.85+/- Acre Site
- 10-Year Corporate Net Lease w/ (4), 5-Year Options to Renew & 10% Rent Increases Every 5 Years, in Primary Term & Options
- Strategically Located Right Off Interstate 35, (62,405+ VPD) & S 5th St (4,159+ VPD)
- Legacy Asset Located Next to Baylor University with Over 20,000 Students
- Publicly Traded Tenant – CAVA Group Recently Went Public in June 2023 and Currently Has a Market Cap Above $4 Billion
- Cava Group is the Largest Restaurant Operator in the Mediterranean Category in the U.S. Restaurant Industry
- Waco | Halfway Between Dallas & Austin | Population: 136,800+