812 S 6th St - Restaurant FOR SALE


Waco, TX 76706
$3,175,000 USD
713-263-3981
812 S 6th St, Waco, TX for Sale
$3,175,000 USD
Restaurant - FOR SALE
1/3
null | 6% Cap Rate

812 S 6th St
Waco, TX 76706


HIGHLIGHTS

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

OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,175,000 USD

PRICE/SF

$1,115 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cava

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

-

APN/PARCEL ID

48-043450-000303-0

ASK ABOUT THIS PROPERTY

Edward BentonSecure Net LeaseMore Info
713-263-3981

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Edward BentonSecure Net LeaseMore Info
713-263-3981

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