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MOD Pizza 1015 S Jack Kultgen Expy 3,072 SF Retail Building Waco, TX 76706 $2,850,469 CAD ($927.89 CAD/SF) 5.75% Cap Rate

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EXECUTIVE SUMMARY

Directly Across from Baylor University with Annual Enrollment of 20,000+ Students – Newly constructed underpass allows direct access from Baylor without having to get on the highway
8+ Years Remaining, Corporate Lease – Allows an investor the opportunity to acquire a net lease asset with limited responsibilities and 10% rental increases every 5 years and in option periods
Strong Performing Store, Ranks in the Top 25% Nationally Across All MOD Pizza Locations for Visitor Counts – (Source: Placer.ai)
Strong Corporate Guarantee – MOD Pizza is owned by Elite Restaurant Group and has over 485 locations in 28 states and more than 12,000 employees
Located Directly Off I-35 in Downtown Waco – Site features excellent highway access and visibility boasting over 136,000 vehicles per day (Source: CoStar Analytics)

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,072 SF
Building Class
B
Year Built
2018
Price
$2,850,469 CAD
Price Per SF
$927.89 CAD
Cap Rate
5.75%
NOI
$163,916 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.55 AC
Zoning
2007TIF
Frontage
193’ on Jack Kultgen Expy

AMENITIES

  • Freeway Visibility

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Accommodation and Food Services
  • -
  • -
  • Jan 0000

MOD Pizza was founded in Seattle in 2008 by entrepreneurs Scott and Ally Svenson. MOD's individual artisan-style pizzas are made on demand, allowing customers to create their own pizzas and salads, using fresh-pressed dough, signature sauces and many toppings, for one price. MOD is committed to a purpose-led culture and being a force for good in communities across the country, creating not only a cool place to eat, but an inspired place to work. MOD was ranked as America’s fastest-growing chain restaurant by Technomic, earned a spot on the Inc. 500 list as one of the fastest-growing private companies in America and was recognized by Fortune as one of the “20 Best Workplaces in Retail” for its progressive hiring practices and career growth opportunities.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Accommodation and Food Services - - Jan 0000

NEARBY MAJOR RETAILERS

Freddy's Frozen Custard & Steakburgers
Dutch Bros
Hawaiian Bros Island Grill
Steak ‘n Shake
Fazoli's
Torchy's Tacos
Bank of America
Chase Bank
L&l Hawaiian Barbecue
Twisted Root Burger Co.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
48-009314-000600-0
Land Assessment
$2,033,485 CAD
Improvements Assessment
$1,275,997 CAD
Total Assessment
$3,309,482 CAD
  • Listing ID: 38553120

  • Date on Market: 2025-11-24

  • Last Updated:

  • Address: 1015 S Jack Kultgen Expy, Waco, TX 76706

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