3000 Speight Ave - Fast Food FOR SALE


Waco, TX 76711
$3,049,000 USD
404-934-5558
3000 Speight Ave, Waco, TX for Sale
$3,049,000 USD
Fast Food - FOR SALE
1/5
null | 4.1% Cap Rate

3000 Speight Ave
Waco, TX 76711


HIGHLIGHTS

  • Brand new 20-year corporate ground lease with 10% bumps every 5 years
  • Hard signalized corner on large 1.58 acre parcel
  • Two miles south of Baylor University (20,000+ students)
  • Adjacent to top 1% H-E-B | #3 most visited grocer across all chains in the US with 3.6M visits (Placer.ai)
  • Immediate access to Interstate 35 with 133,000+ VPD
  • Proximity to Downtown Waco, major hospital facilities and Baylor University

OVERVIEW

TSCG is pleased to offer for sale a brand new 20-year McDonald's ground lease two miles south of Baylor University (20,000+ students) in Waco, TX. The Property is situated on a large 1.58-acre parcel at the signalized intersection of Speight Ave and S Valley Mills Rd. Adjacent to McDonald’s is an H-E-B that ranks as the 3rd most visited grocery store in the US per Placer.ai (3.6M visits). Waco is a strong college town along Interstate 35 equidistant to Dallas and Austin. I-35 is conveniently located two blocks east of the property, providing easy access to Baylor University, TSTC, Downtown Waco and more. BROKER OF RECORD: THE RETAIL CONNECTION, L.P. | STEVE LIEBERMAN

FOR SALE DETAILS

PRICE

$3,049,000 USD

PRICE/SF

$831 USD /SF

CAP RATE

4.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New McDonald's Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

-

APN/PARCEL ID

48-006501-050200-4

ASK ABOUT THIS PROPERTY

404-934-5558

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404-934-5558

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