Listed by Coldwell Banker Commercial Apex, Realtors
$3,218,000
1018 - 1020 Franklin Ave
Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 9,600
Cap Rate 7.10%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Acreage 0.480
Zoning C-4
Investment Type Stabilized
Retail | 7.10% CAP | 9,600 SqFt
Marketing description
100% Occupancy with Internet-Resistant Tenants in the Highly Sought After Silo District in Downtown Waco
Investment highlights
- Milo All Day is Widely Regarded as the Premier Dining Destination in Waco, Consistently Ranking as the City’s “Best” Across Multiple Platforms: – Milo All Day is a chef-driven, southern-inspired anchor that functions as a “neighborhood living room,” attracting customers from breakfast through dinner – Critically Acclaimed: Regularly featured on the Eater Dallas/Texas “Hot Map,” Milo has transitioned from a beloved food truck to a sophisticated brick-andmortar powerhouse; it holds a consistent high ratings across Yelp and Google with thousands of reviews – Versatile Revenue Streams: Beyond the daily restaurant operations, the property features a dedicated industrial-chic event space – Milo is responsible for roof and structure
- Splendid Oaks Chocolates | The Destination Confectionery: – Handcrafted Excellence: Known for premium, small-batch chocolates and world-class ice cream, Splendid Oaks acts as the perfect “dessert destination” for the crowds finishing their meals at Milo
- Salon Asylum: – A top-tier salon provides the property with a stable, repeat-clientele base that is “internet-proof” – Established Reputation: As one of Waco’s most sought-after salons, it brings a consistent flow of high-income local professionals to the site
Listing Contacts
Listed by Coldwell Banker Commercial Apex, Realtors
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Zoning
C-4 CommercialCore CommercialCentral Commercial District
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