Property History
Property Type
Property Type
Property Subtype
Asking Details
Asking Cap Rate
Marketing Description
Hooters (the “Property”) is a 6,197 square foot retail
asset positioned along Interstate 35 frontage road between S Valley Mills Dr and S New Rd in Waco, Texas. The Property is 100% leased to an experienced Hooters franchisee with 7 years of experience operating at this location. The property is an absolute net lease featuring a 15-year primary term and 3, 5-year renewal options with built rental escalations. Built in 2005, the building recently underwent a series of capital improvements
and an exterior remodel.
Investment Highlights
- Absolute NNN investment property with built in 10% rental escalations
- Corporate guaranteed and monthly sales reports
- Recent capital improvements and exterior remodel
- Highly visible from Interstate 35 – passed by more than 114,900 vehicles per Day
- Favorable demographics - 5-mile radius population of 116,090
- Nationally recognizable tenant – Hooters operates over 430 locations across the nation
- Located moments from Baylor University (Enrollment of 14,150+)
Loan History
Financial History
****** Data
Net Operating Income
Reporting Date
Tax History
Contact Information
These phone numbers and email addresses are checked against the litigator and TCPA lists. Report an error
Ownership Information
Property Details
There are no additional details for this property
Contacts
Sold on
BY:
Bill Pyle PRO
•••.•••.6977
•pyle@••••••••••••.com
Sold on
BY:
James Mangum
•••.•••.6941
•••ngum@••••-••.com
Map
Comparable Properties
Does any data look off? Help us improve Crexi by offering your feedback!
