5050 W Waco Dr, Waco, TX 76710 For Sale

FULLY STABILIZED ASSET

• The property is 100% leased with stable, long-term tenants. Both tenants have signed new 10-year leases with triple-net terms, providing strong cash flow and security. Both leases have scheduled rent increases.

ENTERTAINMENT-BASED TENANT MIX

• The center is anchored by Sky Zone (59% of the gross leasable area), a well-established national entertainment venue with over 270 locations. Kart Park Karting leases the remaining gross leasable area.

BUILDING UPGRADES INCLUDING NEWER ROOF AND HVAC UNITS

• Landlord reports a new roof was installed in 2017 with a warranty in place through May 2027. New HVAC units were installed in 2021. Recent tenant improvement and Landlord work are in excess of $6,500,000.

HIGH-TRAFFIC LOCATION

• The property is situated in a high-traffic corridor with visibility from West Waco Drive and Franklin Avenue, with cumulative traffic counts exceeding 56,000 vehicles per day. Proximity to major traffic drivers such as The Home Depot and Richland Mall ensures strong customer traffic.

PRIME RETAIL CORRIDOR POSITION

• Proximity to major traffic drivers such as The Home Depot, Richland Mall, Walmart, Academy Sports and Outdoors, Lowe's, and more ensures strong customer traffic.

LESS THAN FIVE MILES FROM BAYLOR UNIVERSITY

• Home to 19,850+ students and 5,700 faculty and staff, Baylor's total conomic impact exceeds $2 billion annually, including direct spending, induced spending, visitor expenditures, research activity, and other contributions to the local economy.