CAVA Waco, TX

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+

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