76712 Archives | Sands Investment Group

Sands Investment Group is Pleased to Present For Sale the Woodway Village NNN Located in Waco, Texas. The Building is 14,181 SF and is 100% Occupied With Strong Tenants Including: Jimmy Johns, Great Clips, Stonehaven Dental and Escape Nail Spa. The Weighted Average Remaining Term of the Leases are Over 5 Years, Offering Investors a Staggered Lease Roll and Low Vacancy Risk.

Woodway Village is a Walmart Pad Located Just South of SH 84 (45,000 VPD) at the Lighted Corner In Front of Walmart. Waco, TX is Home of the Highly Acclaimed Baylor University (Over 17,000 Students) at the Lighted Intersection of Hewitt Drive (19,000 VPD) and Imperial Drive (17,000 VPD) With Excellent Visibility and Access. The Internet-Resistant Tenant Mix is Comprised of National and Regional Tenants, Offering Much Needed Services to the Surrounding Residential and Daytime Population. The 3-Mile Trade Area is Supported By a Strong Population of 40,091 With an Average Household Income of $85,764.

Walmart Anchored Center With National Tenants Including: Jimmy John’s, Great Clips and Metro PCS
100% Occupied With Restaurants and Service Oriented Retail
Triple Net (NNN) Leases Pass Through Taxes, Insurance and All Common Area Maintenance to Tenants
Upside in NOI as Leases Roll – Several Leases Well Below Market Rates
Site is Located on the Lighted Corner of Imperial Drive (18,631 VPD) and Hewitt Drive (30,356 VPD)
Great Location Near Midway High School (1-Mile) and SR 84 (0.75-Miles)
Strong Daytime Employment of 29,500 Within 3-Mile

In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities

Sands Investment Group is Pleased to Present For Sale the Golden Chick Absolute NNN Lease Located in Waco, Texas. This Deal Includes Approximately 14 Years Remaining on an Absolute Triple Net (NNN) Lease, With Zero Landlord Responsibilities and Attractive Rent Increases, Providing For a Secured Investment.

Approximately 14 Years on an Absolute Triple Net (NNN) Sale Leaseback With Zero Landlord Responsibilities
Strong Hedge Against Inflation With 10% Rent Increases Every 5 Years
15 Unit Guarantee From an Experienced and Growing Regional QSR Operator With Proven Success in the Local Market
2021 Remodel Showing Long Term Commitment to Site
Healthy and Sustainable Rent at $24.33/SF
Leases Are Coterminous With Tenant’s Franchise Agreements
Excellent Demographics With a Population of 45,892 Residents Within a 2-Mile Radius
Minutes From Baylor University Campus (1,000+ Acres) With Over 22,000 Students and Faculty; The Oldest Continuously Operating University in Texas
Waco Sits Along I-35 and is Halfway Between Austin and Dallas; Waco is Home to the Chip & Joanna Gaines’ Magnolia Market at the Silos, a Large Tourist Destination That Sees Over 1.2 Million Visitors Each Year
Adjacent to Panther Stadium and Midway High School With Over 2,500 Students and Faculty, Providing Significant Foot Traffic
Texas is an Income Tax Free State
Nearby Tenants: Sonic Drive-In, Raising Cane’s, Wendy’s, Taco Bell, Walmart Supercenter, Baskin’ Robbins, Little Caesars, AutoZone, Freddy’s, Schlotzsky’s, McDonald’s, Jersey Mike’s, Dunkin Donuts, Taco Casa and More