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100 S New Rd
Waco, TX 76710
Retail Property For Sale
Investment Highlights
- Highly visible on well-established high-traffic corner - TxDot AADT 2024 29,817 (S New Rd) & 23,192 (Franklin Ave)
- Nearby retailers include: Walmart, Chick-fil-A, Roas’s, McDonald’s, Academy, Lowe’s, Longhorn Steakhouse, and more!
Executive Summary
- Title Max recently extended NNN lease for an additional 10 years with current annual rent at $90,804
- 7 Brew new 10-year NNN lease will commence soon with annual rent starting at $100,000 (Included in Stabilized NOI and Stabilized Cap Rate above)
- Value-Add Opportunity - 2,869 Sf vacancy in the building valued at a discounted rent of $10/sf/yr NNN (Included in Stabilized NOI and Stabilized Cap Rate above).
- 7 Brew new 10-year NNN lease will commence soon with annual rent starting at $100,000 (Included in Stabilized NOI and Stabilized Cap Rate above)
- Value-Add Opportunity - 2,869 Sf vacancy in the building valued at a discounted rent of $10/sf/yr NNN (Included in Stabilized NOI and Stabilized Cap Rate above).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,788 SF
Building Class
C
Year Built
1999
Price
$3,130,000
Price Per SF
$540.77
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
1.69 AC
Zoning
C3
Property Taxes
| Parcel Number | 48-039900-000800-0 | Improvements Assessment | $451,292 |
| Land Assessment | $1,739,190 | Total Assessment | $2,190,482 |
Property Taxes
Parcel Number
48-039900-000800-0
Land Assessment
$1,739,190
Improvements Assessment
$451,292
Total Assessment
$2,190,482
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