1015 S Jack Kultgen Expy - Restaurant FOR SALE


Waco, TX 76706- Downtown Waco
$2,042,000 USD
214-252-1030
1015 S Jack Kultgen Expy, Waco, TX for Sale
$2,042,000 USD
Restaurant - FOR SALE
1/4
null | 5.75% Cap Rate

1015 S Jack Kultgen Expy
Waco, TX 76706
Downtown Waco


OVERVIEW

Directly Across from Baylor University with Annual Enrollment of 20,000+ Students – Newly constructed underpass allows direct access from Baylor without having to get on the highway 8+ Years Remaining, Corporate Lease – Allows an investor the opportunity to acquire a net lease asset with limited responsibilities and 10% rental increases every 5 years and in option periods Strong Performing Store, Ranks in the Top 25% Nationally Across All MOD Pizza Locations for Visitor Counts – (Source: Placer.ai) Strong Corporate Guarantee – MOD Pizza is owned by Elite Restaurant Group and has over 485 locations in 28 states and more than 12,000 employees Located Directly Off I-35 in Downtown Waco – Site features excellent highway access and visibility boasting over 136,000 vehicles per day (Source: CoStar Analytics)

FOR SALE DETAILS

PRICE

$2,042,000 USD

PRICE/SF

$665 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MOD Pizza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

2007TIF

APN/PARCEL ID

48-009314-000600-0

ASK ABOUT THIS PROPERTY

214-252-1030

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214-252-1030

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