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974 N Loop 340
Waco, TX 76705

7 Brew Coffee · Retail Property For Sale

Retail Space Texas Waco 974 N Loop 340, Waco, TX 76705

Investment Highlights

  • 2024 Construction. 510+/- SF Building on 0.27+/- Acre Site
  • 3 Miles from Baylor University, a Private Christian University Located in Waco (20,626 students & 1,385 Staff)
  • Unlike Most Coffee Chains, 7 Brew’s Unique Business Model Centers Solely on Drive-Thru Business and sees over $2.4M in Annual Revenue
  • Located on North Loop 340 (22.929+ VPD), Directly off of Interstate 35 (112,449+ VPD)
  • High Performing & High Growth Retail Corridor w/ National Tenants – Surrounded by New Construction & Newly Renovated Properties
  • Waco | Midpoint Between Dallas and Austin | Population: 136,800+

Executive Summary

15-Year Absolute NNN Ground Lease with 10% Rental Increases Every 5-Years , Plus (5) 5-Year Options to Renew

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
510 SF
Year Built
2024
Price
$1,375,000
Price Per SF
$2,696
Cap Rate
6%
NOI
$82,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.27 AC

Links

 

  • Listing ID: 33909807

  • Date on Market: 11/18/2024

  • Last Updated:

  • Address: 974 N Loop 340, Waco, TX 76705

The Retail Property at 974 N Loop 340, Waco, TX 76705 is currently available for sale. Contact Secure Net Lease for more information.

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