Multi-Tenant Shopping Center
For Sale
Contact for pricing
200 N New Rd, Waco, TX 76710
Two established retail centers anchor major commercial corridors in Waco and Sherman, Texas.
Property Size389,320 SF
Days on Market142
Property Features for 200 N New Rd
General Information
Standard status
Active
Size
389,320 SF
Property subtype
Retail
Net Operating Income
$3,113,503
Financials
Asking Price
$35,750,000
Cap Rate
8.71%
Building Details
Tenancy
Multi
Listing Agency:
NewQuest Properties
(281) 640-7151
Listed By:
Dakota Workman · License #TX 717648
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 5:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NewQuest Properties
Investment Insights
Based on property information with market context.
This portfolio combines two multi-tenant shopping centers in established Texas retail corridors. Waco Centre contains 218,598 square feet and is positioned along Highway 84 and 298, with access from Highway 6 and Highway 35. Sherman Shopping Center contributes 170,722 square feet along Highway 75 and Highway 82. Together, the properties comprise 389,320 square feet of retail space.
The Waco property is located at 200 N. New Rd. in Waco, while the Sherman center serves the largest city in its tri-county area. Sherman is identified as 40 miles north of the Dallas CBD and 33 miles south of Durant, Oklahoma. The portfolio is presented with an 8.71% cap rate and includes high-quality construction described as below replacement cost.
The Waco property is located at 200 N. New Rd. in Waco, while the Sherman center serves the largest city in its tri-county area. Sherman is identified as 40 miles north of the Dallas CBD and 33 miles south of Durant, Oklahoma. The portfolio is presented with an 8.71% cap rate and includes high-quality construction described as below replacement cost.
Key Highlights
- Combined portfolio totals 389,320 square feet
- Waco Centre contains 218,598 square feet along Highway 84 and 298
- Sherman Shopping Center contains 170,722 square feet along Highway 75 and Highway 82
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
673k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Superstores 21%
Apparel 14%
Shops & Services 13%
Walmart
Superstores
139,928 visits/mo
0.2 miles
Academy Sports + Outdoors
Apparel
75,617 visits/mo
0.2 miles
Chick-fil-A
Dining
54,210 visits/mo
0.1 miles
Raising Cane's Chicken Fingers
Dining
36,934 visits/mo
0.3 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
Questions? Ask Rey
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Similar Off Market Nearby
- Centerpoint Shopping Center — 5184 W Waco Dr, Waco, TX 76710
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Frequently Asked Questions
What type of property is this?
Shopping center - Two established retail centers anchor major commercial corridors in Waco and Sherman, Texas.
Where is this shopping center located?
The property is located at 200 N New Rd Waco, TX.
What are key features of this property?
This property features: Combined portfolio totals 389,320 square feet; Waco Centre contains 218,598 square feet along Highway 84 and 298; Sherman Shopping Center contains 170,722 square feet along Highway 75 and Highway 82
