Sky Zone 2 Tenant Center – Waco, TX

Kart Start Karting, SkyZone
5050 W Waco Drive - Waco, TX 76710

Sands Investment Group is Pleased to Present For Sale the Sky Zone 2 Tenant Center NNN Asset Located in Waco, Texas. Both Tenants are Signed to New 10-Year Triple Net (NNN) Leases, Presenting a Reliable High-Yield Opportunity to Acquire Exceptional Central Texas Real Estate.

  • High-Yield Opportunity at 8.50% Cap for Premium Central Texas Real Estate
  • Sky Zone and Kart Start Karting Both Signed New 10-Year Triple Net (NNN) Leases
  • Building and Parking Lot in Excellent Condition, With All 150 Tons of HVAC Newly Installed in 2021
  • Anchor Tenant, Sky Zone, is a Premier Entertainment Venue With 270+ Locations Across the United States
  • High Traffic Location With W Waco Drive Seeing Over 35,000 VPD and Franklin Ave Seeing Over 18,000 VPD
  • Ideal Retail Corridor Position Surrounded by Walmart, Home Depot, Academy, Lowe’s, and More
  • Dense Market: Population of Over 62,000 in a 3-Mile Radius With an Average Household Income of Over $76,000
  • Tenants Invested Heavily in Unit Buildouts: $4.2M for Sky Zone and $1.5M for Kart Start Karting
  • Roof Installed in 2017 With a Warranty Through 5/14/2027

 

In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481

Price

$16,161,035

Cap Rate

8.50%

PREMISES

76,316 SF

RENEWAL OPTIONS

Varies

Lease Expiration

Varies

Lease Type

NNN

RENTAL INCREASES

Varies

BROKERS

Cayson Willeford
Austin
Ethan Offenbecher
Austin

List with SIG

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