The Market on Washington Ave

Price: $2,200,000
Sq. Ft.: 12,000
Cap Rate: 9.14%
Built: 2020
  • 12,000-Square-Foot, Multi-Tenant Retail Center | Part of a Condominium Regime
  • Stabilized Downtown Core Asset in the Rapidly Growing Corridor of Waco
  • 100% Occupied | 77% of the GLA has Gross Leases, Providing Upside Potential in Converting Leases to Triple-Net
  • Permits Have Been Approved for Up to Three Food Trucks On Site for Future Additional Income
  • Complementary Tenant Mix of Internet-Resistant, Service-Oriented Business
  • Signalized Hard Corner Location at the Intersection of Washington Avenue and North 12th Street | Washington Avenue Has Been Converted into a two-way street, Driving More Traffic to the Site
  • Close Proximity to Major Attractions Such as Magnolia Market, Dr. Pepper Museum, and Baylor University (Enrollment of 20,626 Students)
  • Downtown Waco Provides a Free Trolley Service | Transports 171,000 Trolley Riders Annually | Over 1.6M Annual Visitors to the Magnolia Market
  • Hotel 1928, a New Boutique Hotel Developed by Chip and Joanna Gaines, is Opening Soon Just a Few Blocks from the Subject Property
  • SpaceX has Entered into a $150M Development Agreement with the City of Waco, Creating 250+ New Full-Time Jobs by 2025
  • Waco Amazon Fulfillment Center Opened in 2022, Employing 1,000+ Workers