4909 W Waco Dr - Storefront FOR SALE


Waco, TX 76710
$3,500,000 USD
254-644-1838
4909 W Waco Dr, Waco, TX for Sale
$3,500,000 USD
Storefront - FOR SALE
1/14
null | Request Cap Rate

4909 W Waco Dr
Waco, TX 76710


HIGHLIGHTS

  • • Long term tenant with 4 years remaining on lease
  • • Attractive and visible building at a busy corner with 2 points of access and 34K vehicles per day

OVERVIEW

Cromwell Commercial is pleased to exclusively offer for sale a single-tenant leased Barnes & Noble property in Waco, representing an excellent retail investment opportunity. Located on a signalized hard corner at the intersection of Waco Drive and Lake Air Drive, the property benefits from outstanding visibility within one of Waco’s primary retail corridors, with a combined traffic count of approximately 34,000 vehicles per day. Constructed in 1995, the building has been continuously occupied by Barnes & Noble for 31 years, demonstrating the tenant’s long-term commitment to the location and market. The single-story structure features a brick and EIFS exterior and sits on 1.99 acres with 122 parking spaces. The parking lot was repaired, sealed, and striped in 2019, and the property received a new roof in 2015. Originally executed as a 15-year lease, Barnes & Noble has exercised multiple lease extensions, with the current lease term extending through March 31, 2030.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Barnes & Noble Booksellers

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

122

LAND DETAILS

LAND ACRES

2 AC

LAND SF

86,968 SF

ZONING

C3

APN/PARCEL ID

48-023201-000105-3

ASK ABOUT THIS PROPERTY

Raynor Campbell, SIORCromwell Commercial GroupMore Info
254-644-1838

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Raynor Campbell, SIORCromwell Commercial GroupMore Info
254-644-1838

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