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5701 W Waco Dr
Waco, TX 76710
Urban Air Trampoline Park · Retail Property For Sale
Property Facts
About 5701 W WACO DR , WACO, TX 76710
Marcus & Millichap is pleased to present this 28,875-square foot Urban Air Trampoline Park in Waco, Texas. At the close of escrow the tenant will execute a 12-year absolute net lease with zero landlord responsibilities. Rent will increase ten percent every five years over the base term and in each of the four, five-year renewal options. The lease is backed by a strong personal guaranty. Urban Air is a pad site to the Richland Mall and is highly visible from West Waco Drive, which sees more than 33,000 vehicles per day. This 722,000-square foot mall is anchored by Dillard' s and Bealls, and hosts 91 other tenants. The asset is located within the heart of Waco' s Richland Hills Neighborhood, which is in close proximity to two major hospitals Heart Hospital (225 Beds) and Baylor Scott & White Medical Center (237 Beds). Additionally, there are more than two million square feet of retail in the one and a half mile radius. Additional Tenants in the immediate vicinity include: Home Depot, Burlington Coat Factory, Academy Sports & Outdoors, Lowe' s, Walmart, Target and Kohl' s.
Property Taxes
| Parcel Number | 48-034905-018800-2 | Improvements Assessment | $2,427,430 |
| Land Assessment | $1,772,570 | Total Assessment | $4,200,000 |
Property Taxes
