4300 Franklin Ave | Waco, TX 76710
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- LoopNet Team
4300 Franklin Ave
Waco, TX 76710
LongHorn Steakhouse · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Longhorn Steakhouse extended a 5-year lease renewal early (1st option) showing commitment to the site
- Absolute NNN - zero landlord responsibilities
- There are 6 years remaining on a corporate lease by Rare Hospitality International, Inc., a subsidiary of Darden Restaurants Inc.
- Paying extremely low rent ($18.88 /SF) on a depreciable asset (not a ground lease)
- Historic store sales available (contact agent) - low rent/sales ratio
- National retailers in the immediate area include Chick-fil-A, McDonald’s, Raising Cane’s, Cheddar’s, Academy Sports + Outdoors, PetSmart, Outback Stea
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,622 SF
Building Class
B
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.37 AC
Zoning
C-3 - Commercial
Parking
111 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
200’ on Franklin Ave
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 48-039900-000600-8 | Improvements Assessment | $1,022,810 |
| Land Assessment | $1,202,760 | Total Assessment | $2,225,570 |
PROPERTY TAXES
Parcel Number
48-039900-000600-8
Land Assessment
$1,202,760
Improvements Assessment
$1,022,810
Total Assessment
$2,225,570
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