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Outback Steakhouse 4500 Franklin Ave 6,163 SF Retail Building Waco, TX 76710 $2,991,154 CAD ($485.34 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Long Term Absolute Triple-Net (NNN) Lease
- Strong Traffic Counts
- Waco, TX
- Corporate Guarantee
- Baylor University
- Medical Presence
Executive Summary
Surmount is pleased to present the exclusive listing for an Outback Steakhouse located at 4500 Franklin Ave, Waco, TX 76710. The site consists of roughly 6,163 rentable square feet of building space on an estimated 1-acre parcel of land. This Outback Steakhouse is subject to a 15-year Select Lease Type lease, which commenced 8/31/2016. The current annual rent is $145,039 and has scheduled increases of 1.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,163 SF
Building Class
B
Year Built
1996
Price
$2,991,154 CAD
Price Per SF
$485.34 CAD
Cap Rate
6.75%
NOI
$201,903 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.00 AC
Zoning
C-3
Frontage
245’ on Franklin Ave
Amenities
- Freeway Visibility
- Pylon Sign
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 48-018413-000200-1 | Improvements Assessment | $3,115,011 CAD |
| Land Assessment | $1,061,167 CAD | Total Assessment | $4,176,179 CAD |
Property Taxes
Parcel Number
48-018413-000200-1
Land Assessment
$1,061,167 CAD
Improvements Assessment
$3,115,011 CAD
Total Assessment
$4,176,179 CAD
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Outback Steakhouse | 4500 Franklin Ave
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