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Cava 812 S 6th St

2,847 SF Retail Building Waco, TX 76706 £2,525,052 (£887/SF) 6% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Strategically Located Right Off Interstate 35, (62,405+ VPD) & S 5th St (4,159+ VPD)
  • Publicly Traded Tenant – CAVA Group Recently Went Public in June 2023 and Currently Has a Market Cap Above $4 Billion
  • Waco | Halfway Between Dallas & Austin | Population: 136,800+
  • Legacy Asset Located Next to Baylor University with Over 20,000 Students
  • Cava Group is the Largest Restaurant Operator in the Mediterranean Category in the U.S. Restaurant Industry

EXECUTIVE SUMMARY

10-Year Corporate Net Lease w/ (4), 5-Year Options to Renew & 10% Rent Increases Every 5 Years, in Primary Term & Options

ATTACHMENTS

SECURE NET LEASE OM

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,847 SF
Building Class
C
Year Built/Renovated
1985/2023
Price
£2,525,052
Price Per SF
£887
Net Initial Yield
6%
NOI
£151,501
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Lot Size
0.85 AC

LINKS

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Walk Score®
Very Walkable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

McAlister's Deli
Torchy's Tacos
Bank of America
Chase Bank
L&l Hawaiian Barbecue
Pure Barre
Twisted Root Burger Co.
MOD Pizza
Fazoli's
Dutch Bros

PROPERTY TAXES

Parcel Number 48-043450-000303-0 Improvements Assessment £1,598,736
Land Assessment £887,291 Total Assessment £2,486,027

PROPERTY TAXES

Parcel Number
48-043450-000303-0
Land Assessment
£887,291
Improvements Assessment
£1,598,736
Total Assessment
£2,486,027
(713) 263-3981

CONTACTS

  • Listing ID: 30959845

  • Date on Market: 14/02/2024

  • Last Updated:

  • Address: 812 S 6th St, Waco, TX 76706

The Downtown Waco Retail Property at 812 S 6th St, Waco, TX 76706 is currently available. Contact Secure Net Lease for more information.

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Cava | 812 S 6th St
(713) 263-3981 x

Cava | 812 S 6th St

1/2

Edward Benton

(713) 263-3981

(713) 263-3981

Bob Moorhead

(214) 915-8890

(214) 915-8890

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