1703 S 18th St - Fast Food FOR SALE
Waco, TX 76706 |
1703 S 18th St
Waco, TX 76706
HIGHLIGHTS
- 10-year corporate net lease to Starbucks Corporation
- 10% fixed rental increases every five years in the initial term
- Investment grade tenant, rated “BBB+” by Standard & Poor’s
- Closest drive-thru Starbucks to Baylor University, a 1,000-acre college campus with over 20,626 students and 3,253 employees
- Minutes from McLane Stadium (313,102 attendees in 2021), located on the Brazos River
- Well-Positioned in Waco MSA with an Estimated Population of 280,428 in 2021
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Starbucks
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront
TOTAL BUILDING SIZE
2089
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
26
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
48-021930-000101-0
