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711 Washington Ave 711-723 Washington Ave 6,536 SF of Retail Space Available in Waco, TX 76701
Highlights
- • 6,536+/- SF
- • Heavy street and foot traffic
- • Direct neighbor to Magnolia’s Hotel 1928
- • Anchored by Tecovas
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 711 | 6,536 SF | Negotiable | $12.00 /SF/YR $1.00 /SF/MO $78,432 /YR $6,536 /MO | Triple Net (NNN) |
1st Floor, Ste 711
6,536+/- SF available For Sale or Lease on Washington Ave in Downtown Waco. Come join Tecovas, Phillips Forest Products, and Washington Gallery as neighbors to Magnolia’s Hotel 1928. The Tecovas anchored neighborhood retail center is situated between 7th and 8th Streets along busy Washington Ave. With it’s location in Downtown, Washington Ave sees both foot and vehicle traffic from locals and tourists alike. Hotel 1928 was built in, you guessed it, 1928 as the former Karem Shrine Building. Magnolia founders, Chip and Joanna Gaines, transformed this historic building into a 33 guest room boutique hotel includes three food and beverage outlets and over 6,600 square feet of meeting and event space along with a rooftop terrace.
- Lease rate does not include utilities, property expenses or building services
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.
Select Tenants at 711 Washington Ave
- Tenant
- Description
- US Locations
- Reach
- Waco Escape Rooms
- Arts, Entertainment, and Recreation
- 1
- -
| Tenant | Description | US Locations | Reach |
| Waco Escape Rooms | Arts, Entertainment, and Recreation | 1 | - |
Property Facts
| Total Space Available | 6,536 SF | Gross Leasable Area | 6,536 SF |
| Property Type | Retail | Year Built | 1953 |
| Property Subtype | Storefront | Parking Ratio | 1.98/1,000 SF |
| Total Space Available | 6,536 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 6,536 SF |
| Year Built | 1953 |
| Parking Ratio | 1.98/1,000 SF |
Nearby Major Retailers
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711 Washington Ave | 711-723 Washington Ave
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