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Sky Zone 2 Tenant Center 5050 W Waco Dr 76,316 SF 100% Leased Retail Building Waco, TX 76710 $16,161,035 ($211.76/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- High-Yield Opportunity at 8.50% Cap for Premium Central Texas Real Estate
- Building and Parking Lot in Excellent Condition, With All 150 Tons of HVAC Newly Installed in 2021
- High Traffic Location With W Waco Drive Seeing Over 35,000 VPD and Franklin Ave Seeing Over 18,000 VPD
- Sky Zone and Kart Start Karting Both Signed New 10-Year Triple Net (NNN) Leases
- Anchor Tenant, Sky Zone, is a Premier Entertainment Venue With 270+ Locations Across the United States.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
76,316 SF
Building Class
B
Year Built
1987
Price
$16,161,035
Price Per SF
$211.76
Cap Rate
8.50%
NOI
$1,373,688
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.33
Lot Size
5.36 AC
Zoning
C3 Commercial
Parking
403 Spaces (5.28 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Accent Lighting
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 48-008411-000200-5 | Improvements Assessment | $2,997,860 |
| Land Assessment | $2,202,140 | Total Assessment | $5,200,000 |
PROPERTY TAXES
Parcel Number
48-008411-000200-5
Land Assessment
$2,202,140
Improvements Assessment
$2,997,860
Total Assessment
$5,200,000
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Sky Zone 2 Tenant Center | 5050 W Waco Dr
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