600 N Valley Mills Dr
Waco, TX
Price:
$2229000
Cap Rate:
7.00%
NOI:
$156,000
Building Size:
Approx. 3421 Sq. Ft.
Lot Size:
Approx. 0.6 Acres
Type:
Single-Tenant / Retail
Sub Category:
Pawn / Check Cashing
Year Built:
2017
Investment Overview
- 2017 Construction | 3,421+/- SF Building on 0.60+/- Acre Site
- New 10-Yr Corp NNN Lease w/ 10% Rent Bumps Every 5-Yrs
- Located along N Valley Mills Dr (35K VPD), just W of I-35 (111K VPD)
- Near Lowe’s, Walmart & multiple HGTV’s Featured Fixer Upper Homes
- Attractions: Lake Waco | Baylor University | Magnolia Market (HGTV)
- Waco is home to HGTV’s “ Fixer Upper” Magnolia Market (1.9M Visitors)
- 2-Miles N of Richland Mall | 4-Miles SW of Baylor University (17K Enroll)
- 5-Mile Radius: 2016 Est Pop: 136,196 | 3-Mile Avg HH Income: 51,843
- Waco is approx. located 90-Miles S of Dallas & 100-Miles N of Austin