Listing Agency: Marcus & Millichap - Los Angeles

Listed By: James Yang · License #CA 01932163

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 6:17AM

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Investment Insights

Based on property information with market context.

This retail property is offered for sale and is described with a total size of 5,622 SF. The listing also references a 4.65% cap rate.

The asset is located at 4300 Franklin Ave in Waco, Texas.

Key Highlights

• Retail property for sale totaling 5,622 SF
• Stated 4.65% cap rate

Property Analytics

Property Profile

Current Use

LongHorn Steakhouse Restaurant

Suggested Use

Top Pick Parking Lot & Garage Food Market (Bike/Boat/Book/etc) Store Garden Center Hotel & Motel Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

869

Businesses Nearby

671k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 44% Superstores 21% Apparel 14% Shops & Services 13%

Walmart Superstores

139,928 visits/mo 0.1 miles

Academy Sports + Outdoors Apparel

75,617 visits/mo 0.4 miles

Chick-fil-A Dining

54,210 visits/mo 0.1 miles

Raising Cane's Chicken Fingers Dining

36,934 visits/mo 0.1 miles

Murphy USA Shops & Services

33,637 visits/mo 0.1 miles

Demographics for 76710, TX

24,874

Population

12,391

Households

2

Avg Household Size

38

Median Age

32%

College-Educated

92%

High-School Grad

9.3 sq mi

ZIP Area

2,675

Density / Sq Mi

$53,304

Median Household Income

$36,425

Median Earnings

$1,098

Median Rent

$229,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Retail property offered for sale totaling 5,622 SF, with a stated 4.65% cap rate.

Where is this retail space located?

The property is located at 4300 Franklin Ave Waco, TX.

What are key features of this property?

This property features: Retail property for sale totaling 5,622 SF; Stated 4.65% cap rate