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Restaurant

MOD Pizza (Across from Baylor University)

1015 S Jack Kultgen Expy, Waco, TX 76706

Listing Price: $2,135,000

Cap Rate
5.50%
Tenant Name
Mod Pizza
Years Remaining On Lease
9.9
Gross SF
3,072
Guarantor
Corporate Guarantee
Rentable SF
3,072
Price/Gross SF
$694.99
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.22

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a triple net lease Mod Pizza in Waco, Texas. The property consists of a 3,072-square-foot, freestanding building on 0.55 acres of land. There are 10 years remaining on the current lease term, with 10% percent increases every 5 years.

Investment Highlights

  • Triple Net Lease with 10 Years Remaining
  • A New Underpass has Recently Been Completed, Providing Direct Access to Baylor University's Campus (20,824 Students)
  • Excellent Frontage on Interstate 35 (Jack Kultgen Freeway), Where Traffic Counts Exceed 135,837 VPD
  • Across from Baylor University's 1,000-Acre Campus
  • Second Busiest Mod Pizza in the state of Texas and the 11th Busiest Nationwide, Placing it in the Top 97th Percentile Systemwide (Placer.ai)
  • 10 Percent Rental Increases Every Five Years During the Primary Term and Options
  • More than 126,497 Residents Within a Five-Mile Radius
  • Attractive 2018 Construction with a Corporate-Guaranteed Lease

Exclusively Listed By

Financing By

Restaurant

MOD Pizza (Across from Baylor University)

Listing Price: $2,135,000

Cap Rate
5.50%
Tenant Name
Mod Pizza
Years Remaining On Lease
9.9
Gross SF
3,072
Guarantor
Corporate Guarantee
Rentable SF
3,072
Price/Gross SF
$694.99
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.22

Investment Highlights

  • Triple Net Lease with 10 Years Remaining
  • A New Underpass has Recently Been Completed, Providing Direct Access to Baylor University's Campus (20,824 Students)
  • Excellent Frontage on Interstate 35 (Jack Kultgen Freeway), Where Traffic Counts Exceed 135,837 VPD
  • Across from Baylor University's 1,000-Acre Campus
  • Second Busiest Mod Pizza in the state of Texas and the 11th Busiest Nationwide, Placing it in the Top 97th Percentile Systemwide (Placer.ai)
  • 10 Percent Rental Increases Every Five Years During the Primary Term and Options
  • More than 126,497 Residents Within a Five-Mile Radius
  • Attractive 2018 Construction with a Corporate-Guaranteed Lease

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a triple net lease Mod Pizza in Waco, Texas. The property consists of a 3,072-square-foot, freestanding building on 0.55 acres of land. There are 10 years remaining on the current lease term, with 10% percent increases every 5 years.

Exclusively Listed By

Financing By

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