4500 Franklin Ave - Restaurant FOR SALE


Waco, TX 76710
$2,209,278 USD
332-345-4206
4500 Franklin Ave, Waco, TX for Sale
$2,209,278 USD
Restaurant - FOR SALE
1/2
null | 6.5% Cap Rate

4500 Franklin Ave
Waco, TX 76710


HIGHLIGHTS

  • Long Term Absolute Triple-Net (NNN) Lease There are over six (6) years remaining on an original 15-year absolute triple-net (NNN) lease
  • Corporate Guarantee Outback Steakhouse is a casual steakhouse restaurant focused on steaks, signature flavors, and Australian-inspired decor
  • Strong Traffic Counts The property is located along Franklin Avenue, which receives over 30,000 vehicles per day

OVERVIEW

Surmount is pleased to present the exclusive listing for an Outback Steakhouse located at 4500 Franklin Ave, Waco, TX 76710. The site consists of roughly 6,163 rentable square feet of building space on an estimated 1-acre parcel of land. This Outback Steakhouse is subject to a 15-year Select Lease Type lease, which commenced 8/31/2016. The current annual rent is $143,603 and has scheduled increases of 1.00% annually.

FOR SALE DETAILS

PRICE

$2,209,278 USD

PRICE/SF

$360 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Outback Steakhouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Franklin Ave & New Rd

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C-3

APN/PARCEL ID

48-018413-000200-1

ASK ABOUT THIS PROPERTY

Russell WachtlerSurmountMore Info
332-345-4206

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Russell WachtlerSurmountMore Info
332-345-4206

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