2609 S Jack Kultgen Expy - Restaurant FOR SALE


Waco, TX 76711
$2,300,000 USD
254-870-0050
2609 S Jack Kultgen Expy, Waco, TX for Sale
$2,300,000 USD
Restaurant - FOR SALE
1/14
null | 6.01% Cap Rate

2609 S Jack Kultgen Expy
Waco, TX 76711


HIGHLIGHTS

  • Financials/Rent Roll Available Upon Request
  • Starbucks Lease in Effect Through 2033
  • Tikka House Indian Cuisine Lease in Effect Through 2031
  • $500K of Recent Improvements in Starbucks Suite

OVERVIEW

Located along South Jack Kultgen Expressway in Waco, Texas, this 4,036 SF commercial retail property offers a rare, stabilized investment anchored by one of the world's most recognized brands. With two established tenants already in place and long-term leases secured, this asset delivers immediate, dependable income with minimal landlord risk. The crown jewel of this offering is Suite 1, occupied by Starbucks under a lease in effect through 2033 with extension options available. The suite has benefited from over $250,000 in recent tenant improvements, underscoring Starbucks' long-term commitment to the location — a strong signal of confidence that any investor should take note of. Suite 2 is leased to Tikka House Indian Eatery through 2031, also with extension options, rounding out a complementary tenant mix that drives consistent foot traffic to the center. Zoned C-3 General Commercial, the property sits in a premier position along Interstate Highway 35, one of Texas' most heavily traveled corridors, with over 120,400 vehicles passing daily. South Jack Kultgen Expressway adds an additional 3,400 vehicles per day (TxDOT 2022), ensuring exceptional visibility and accessibility for both tenants and their customers. Ample on-site parking further enhances the appeal of this well-positioned asset. Financials/Rent Roll are available upon request. This property represents an outstanding opportunity for investors seeking a credit-tenanted, low-management asset in one of Central Texas' strongest retail corridors. For more information on this and our other available listings, please call our office at 254.870.0050 or visit us online at OnwardCRE.com today!

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$570 USD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Starbucks Multi-Tenant NNN Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

C-3

APN/PARCEL ID

48-027059-000500-0

ASK ABOUT THIS PROPERTY

Brad HarrellOnward Real Estate Team at KW CommercialMore Info
254-870-0050

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Brad HarrellOnward Real Estate Team at KW CommercialMore Info
254-870-0050

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.