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Cava 812 S 6th St

2,847 SF Retail Building Waco, TX 76706 $3,313,000 ($1,164/SF) 5.75% Cap Rate

Restaurants Texas Waco 812 S 6th St, Waco, TX 76706

Investment Highlights

  • Strategically Located Right Off Interstate 35, (62,405+ VPD) & S 5th St (4,159+ VPD)
  • Publicly Traded Tenant – CAVA Group Recently Went Public in June 2023 and Currently Has a Market Cap Above $4 Billion
  • Waco | Halfway Between Dallas & Austin | Population: 136,800+
  • Legacy Asset Located Next to Baylor University with Over 20,000 Students
  • Cava Group is the Largest Restaurant Operator in the Mediterranean Category in the U.S. Restaurant Industry

Executive Summary

10-Year Corporate Net Lease w/ (4), 5-Year Options to Renew & 10% Rent Increases Every 5 Years, in Primary Term & Options

Attachments

SECURE NET LEASE OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,847 SF
Building Class
C
Year Built/Renovated
1985/2023
Price
$3,313,000
Price Per SF
$1,164
Cap Rate
5.75%
NOI
$190,498
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Land Acres
0.85 AC

Links

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Walk Score ®
Very Walkable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

McAlister's Deli
Cava
Torchy's Tacos
Bank of America
Chase Bank
L&l Hawaiian Barbecue
Pure Barre
Twisted Root Burger Co.
MOD Pizza
Dutch Bros

PROPERTY TAXES

Parcel Number 48-043450-000303-0 Improvements Assessment $734,320
Land Assessment $1,115,680 Total Assessment $1,850,000

PROPERTY TAXES

Parcel Number
48-043450-000303-0
Land Assessment
$1,115,680
Improvements Assessment
$734,320
Total Assessment
$1,850,000
(713) 263-3981

  • Listing ID: 30959845

  • Date on Market: 2/14/2024

  • Last Updated:

  • Address: 812 S 6th St, Waco, TX 76706

More public record information on 812 S 6th St, Waco, TX 76706

The Retail Property at 812 S 6th St, Waco, TX 76706 is currently available For Sale. Contact Secure Net Lease for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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812 S 6th St, Waco, TX for sale Building Photo- Image 1 of 4
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Cava | 812 S 6th St
(713) 263-3981 x

Cava | 812 S 6th St

1/2

Edward Benton

(713) 263-3981

(713) 263-3981

Bob Moorhead

(214) 915-8890

(214) 915-8890

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