About This Restaurant
Investment Highlights
10-Year Corporate Net Lease w/ (4), 5-Year Options to Renew & 10% Rent Increases Every 5 Years, in Primary Term & Options Legacy Asset Located Next to Baylor University with Over 20,000 Students Cava Group is the Largest Restaurant Operator in the Mediterranean Category in the U.S. Restaurant Industry Strategically Located Right Off Interstate 35, (62,405+ VPD) & S 5th St (4,159+ VPD) Publicly Traded Tenant ? CAVA Group Recently Went Public in June 2023 and Currently Has a Market Cap Above $4 Billion Waco | Halfway Between Dallas & Austin | Population: 136,800+
Executive Summary
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Freestanding General Retail Storefront Restaurant
- Building Size 2,847
- Building Class C
- Year Built/Renovated 1985/2023
- Price 3,313,000
- Price Per SF 1,164
- Cap Rate 5.75
- NOI 190,498
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 0.85 AC
Nearby Amenities & Transportation
| Retail | Cava | ||
| Retail | McAlister's Deli | ||
| Retail | Torchy's Tacos | ||
| Retail | Bank of America | ||
| Retail | Chase Bank | ||
| Retail | L&l Hawaiian Barbecue | ||
| Retail | Pure Barre | ||
| Retail | Twisted Root Burger Co. | ||
| Retail | MOD Pizza | ||
| Retail | Wingstop |
Property Taxes
| Parcel Number | 48-043450-000303-0 | Improvements Assessment | $1,115,680 |
| Land Assessment | $734,320 | Total Assessment | $1,850,000 |
| Date Created: | 2024-07-16 04:23:41 | Last Updated: | 2024-07-16 04:23:41 |
| Address: | 812 S 6th St , Waco, Texas, 76706 | ||