Two-Tenant NNN Retail
5050 W Waco Dr Waco, TX 76710
5050 W Waco Dr, Waco, TX, 76710
$17,171,000
For Sale
$17,171,000
Two-tenant NNN retail center on a 5.36-acre lot with ample paved parking, featuring roof replacement and new HVAC.
Property Size76,316 SF
Lot Size5.36 Acres
Price / SF$224
Days on Market110
Property Features for 5050 W Waco Dr
General Information
- Standard status
- Active
- Size
- 76,316 SF
- Lot size
- 5.36 Acres
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1987
Listing agency
Dallas Office
(972) 755-5225
Listed by
Philip Levy · License #TX: 0522087
(972) 755-5225
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 20 at 8:44PM Checked: Jul 21 at 3:08AM
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 Dallas Office
Investment Insights
Based on property information with market context.
This two-tenant NNN retail center totals 73,316 square feet and is occupied by Sky Zone Trampoline Park and Kart Park Karting. The property includes a 5.36-acre lot with ample paved parking. The building was constructed in 1987, with reported upgrades including roof replacement in 2017 and new HVAC units in 2021.
Located in a dense retail trade area near the signalized intersection of West Waco Drive and Lake Air Drive, the center offers multiple ingress and egress points from three roadways. Cumulative traffic counts exceed 56,000 vehicles per day, supporting strong everyday retail access. Richland Mall is also in close proximity.
Both tenants have signed new 10-year triple-net leases with renewal options and scheduled rent increases, per landlord reports.
Located in a dense retail trade area near the signalized intersection of West Waco Drive and Lake Air Drive, the center offers multiple ingress and egress points from three roadways. Cumulative traffic counts exceed 56,000 vehicles per day, supporting strong everyday retail access. Richland Mall is also in close proximity.
Both tenants have signed new 10-year triple-net leases with renewal options and scheduled rent increases, per landlord reports.
Key Highlights
- 73,316‑square‑foot, two‑tenant retail center built in 1987 on a 5.36‑acre lot with ample paved parking
- Tenants: Sky Zone Trampoline Park and Kart Park Karting; both signed new 10‑year triple‑net leases with renewal options
- Triple‑net leases include scheduled rent increases during the lease term, per landlord reports
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.42M | $18.60 |
| − Vacancy | −$149.0k | −$1.95 |
| EGI | $1.27M | $16.65 |
| − OpEx | −$381.1k | −$4.99 |
| NOI | $889.3k | $11.65 |
76,316 SF · lease $18.60/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$12.70M
$11.12M – $14.82M
NOI $889,303 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.13M
$17.62M – $23.49M
NOI $1,409,404 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Burlington Coat Parking ...
Parking Lot & Garage
Similar For Sale Nearby
Similar Off Market Nearby
- Richland Mall — 6001 W Waco Dr, Waco, TX 76710
- American Plaza — 5929 W Waco Dr, Waco, TX 76710
- Sunglass Hut — 6001 W Waco Dr #415, Waco, TX 76710
- Centerpoint Shopping Center — 5184 W Waco Dr, Waco, TX 76710
- Sky Jump Central — 6001 W Waco Dr, Waco, TX 76710
FAQs
What type of property is this?
Shopping center - Two-tenant NNN retail center on a 5.36-acre lot with ample paved parking, featuring roof replacement and new HVAC.
Where is this shopping center located?
The property is located at 5050 W Waco Dr Waco, TX.
What is the asking price?
The asking price for this property is $17,171,000.
What are key features of this property?
This property features: 73,316‑square‑foot, two‑tenant retail center built in 1987 on a 5.36‑acre lot with ample paved parking; Tenants: Sky Zone Trampoline Park and Kart Park Karting; both signed new 10‑year triple‑net leases with renewal options; Triple‑net leases include scheduled rent increases during the lease term, per landlord reports
