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26444216
26444217

1524 S IH-35, Waco, TX 76706

TA
TX 9004235
Rydell Capital
Listed by Rydell Capital
$3,650,000
318 days on market
Updated 107 days ago

Fuego Tortilla Grill - STNL - Waco, TX

Details
Property Type Retail
Sub Type QSR/Fast Food
Cap Rate 6.58%
NOI $240,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 12/31/2033
Remaining Term 7.5
Lease Options Yes
Class A
Year Built 2015-2020
Year Renovated 2025
Zoning Commercial
Investment Type Net Lease
Lease Commencement 01/01/2024

Retail | 6.58% CAP

Marketing description

Fuego Tortilla Grill is a prominent name in the Tex-Mex restaurant sector in Texas, celebrated for its unique culinary offerings and passionate customer base. The brand operates under the ownership of Uncommon Brands, a portfolio company of Crux Capital, which recently acquired Fuego Tortilla Grill as part of a strategic effort to grow and scale compelling restaurant concepts.

Currently, Fuego Tortilla Grill operates five locations, with existing restaurants in Waco, San Antonio, College Station, San Marcos, and Baton Rouge LA. The brand is actively expanding. Fuego is widely known for its vibrant Tex-Mex menu and cult-favorite items like the Sweet Caroline and Good Golly Miss Holly tacos. Backed by $100 million in committed capital from Crux Capital to support the Uncommon Brands portfolio, Fuego is positioned for accelerated growth across both primary and secondary markets. This financial strength, combined with a loyal customer following and thoughtful site selection strategy, underscores the brand’s long-term vision.

Each Fuego location is secured by a 10-year NNN lease, offering minimal landlord responsibilities and ensuring long-term stability—an attractive feature for investors and stakeholders.

Investment highlights

Prime NNN-leased asset occupied by Fuego Tortilla Grill located along I-35 (Jack Kultgen Freeway) in Waco, TX delivering reliable, hands-off income.

Exceptional visibility with an Annual Average Daily Traffic of up to 120,000 vehicles/day.

Strategic corridor, passing just South of Baylor University ensuring steady draw from campus-related traffic.

Fully NNN lease structure - the tenant handles all operational responsibilities, offering a worry-free, passive income stream.

Listing Contacts

TA
TX 9004235
Rydell Capital
Listed by Rydell Capital

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$240,000.00
$20,000.00/mo

Valuation Metrics

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DSCR
6.58%
Cap Rate
6.58%
ROI

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