Listed by Coldwell Banker Commercial Apex, Realtors
$3,500,000
4909 W Waco Dr
Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 20,010
Acreage 1.990
Retail | 20,010 SqFt
Marketing description
Cromwell Commercial is pleased to exclusively offer for sale a single-tenant leased Barnes & Noble property in Waco, representing an excellent retail investment opportunity. Located on a signalized hard corner at the intersection of Waco Drive and Lake Air Drive, the property benefits from outstanding visibility within one of Waco’s primary retail corridors, with a combined traffic count of approximately 34,000 vehicles per day.
Constructed in 1995, the building has been continuously occupied by Barnes & Noble for 31 years, demonstrating the tenant’s long-term commitment to the location and market. The single-story structure features a brick and EIFS exterior and sits on 1.99 acres with 122 parking spaces. The parking lot was repaired, sealed, and striped in 2019, and the property received a new roof in 2015.
Originally executed as a 15-year lease, Barnes & Noble has exercised multiple lease extensions, with the current lease term extending through March 31, 2030.
Investment highlights
- • Long term tenant with 4 years remaining on lease
- • Attractive and visible building at a busy corner with 2 points of access and 34K vehicles per day
- • Located in an established retail corridor with nearby schools, churches, restaurants, banks, and professional offices
Listing Contacts
Listed by Coldwell Banker Commercial Apex, Realtors
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