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Market Place 500 Lake Air Dr 1,802 SF of Retail Space Available in Waco, TX 76710
Highlights
- Retail space available in an established shopping center on Lake Air Drive.
- Surrounded by national retailers such as Target, H-E-B, Hobby Lobby, Aldi, and Starbucks.
- Convenient access to major roadways and dense residential neighborhoods.
- Highly visible location near Valley Mills Drive, a major Waco commercial corridor.
- Ample on-site parking for customers and employees.
- Located in a growing market with strong retail demand and economic diversity.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 500 | 1,802 SF | 2-5 Years | $12.00 /SF/YR $1.00 /SF/MO $21,624 /YR $1,802 /MO | Modified Gross |
500 Lake Air Dr - 1st Floor - Ste 500
This property offers retail space within an established shopping center located on Lake Air Drive near Valley Mills Drive, one of Waco’s busiest commercial corridors. The available suite provides approximately 1,802 SF of flexible space suitable for a variety of retail uses. The center benefits from strong visibility and easy accessibility, with ample surface parking for customers and staff. Positioned in a dense retail trade area, the property is surrounded by national and regional retailers, including Target, H-E-B, Hobby Lobby, Aldi, Starbucks, and Whataburger, creating a strong consumer draw. The location offers convenient access to major roadways and is situated in a growing market with a diverse economic base. Businesses locating here will benefit from the area’s high traffic counts and proximity to established shopping destinations, making it an attractive option for retailers seeking exposure and convenience.
- Listed rate may not include certain utilities, building services and property expenses
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 1,802 SF | Center Properties | 1 |
| Center Type | Neighborhood Center | Gross Leasable Area | 32,700 SF |
| Parking | 36 Spaces | Total Land Area | 1.31 AC |
| Stores | 5 | Year Built | 1973 |
| Total Space Available | 1,802 SF |
| Center Type | Neighborhood Center |
| Parking | 36 Spaces |
| Stores | 5 |
| Center Properties | 1 |
| Gross Leasable Area | 32,700 SF |
| Total Land Area | 1.31 AC |
| Year Built | 1973 |
About the Property
The property is located at 500-508 Lake Air Drive in Waco, Texas, within a retail center zoned C-2 Community Commercial. Utilities are tenant responsibility. The site offers surface parking and is positioned near Valley Mills Drive, a major commercial corridor with significant traffic volume. Surrounding amenities include national retailers, grocery stores, and restaurants. The property is easily accessible from primary roadways and serves a dense residential and commercial trade area.
Nearby Major Retailers
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Market Place | 500 Lake Air Dr
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