Corporate Bjs Restaurant High Performing Location — Sale in Waco, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Waco, TX 76710

Investment Figures

Cap rate
6.05%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

- Fully Passive Investment Backed by BJ’s Restaurants, Inc. (NASDAQ: BJRI); Lease Structured on an Absolute-Net Basis With No Maintenance, Taxes, or Insurance Obligations - Built in 2012 on a 2.2-Acre Parcel Fronting W Waco Dr (52,628 VPD) and Adjacent to - Located in Waco’s Most Prominent Retail Hub Alongside Dick’s, Dillard’s, H&M, Red Lobster, Olive Garden, and Walmart Supercenter - BJ’s Restaurants has been Operating at this Location since 2012 and has Consistently been a Strong Performing Location for them. Rent-to-Sales Ratio is under 6.0%. - Within 5 Miles of Baylor University (20,600+Students), Magnolia Market (1.7M+ Annual Visitors), McLane Stadium, and Downtown Waco - 140,879 People Within 5 Miles and Average Household Income Above $80,000 Within a 1-Mile Radius Investment Highlights: • 6.3-YEAR ABSOLUTE-NET CORPORATE GROUND LEASE • FREESTANDING 8,500 SF PROTOTYPE EXCELLENT VISIBILITY • RICHLAND MALL AREA REGIONAL AND NATIONAL TENANTS • HIGH PERFORMING LOCATION • TOURISM, EDUCATION & DAYTIME POPULATION TRAFFIC • STRONG DEMOGRAPHICS AND INCOME GROWTH

Market Context

This retail in Waco, TX is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Waco, TX — view the full market.

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