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601 Texas Central PkwyWaco, TX 76712

High-yield, fully leased office property in Waco, TX

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 36,297 square foot office building situated on an 8.18-acre lot at 601 Texas Central Pkwy, Waco, TX 76712. The property boasts convenient access to major thoroughfares including I-35, Hwy 84, and Hwy 6, ensuring excellent connectivity. Ample parking is provided with two ingress and egress drives for ease of access. Currently fully leased through the end of 2031, this property offers an absolute NNN lease structure with a highly attractive 7% cap rate and built-in 3% annual rent increases through the lease term. Located in Waco's Industrial Park, a high-growth area in South Waco/Woodway, this is a strong, stable investment with significant long-term potential. Showings are strictly by appointment only to avoid disruption to the tenant's operations. This is a rare opportunity to acquire a high-performing, low-maintenance commercial property in a thriving Texas market. The property is classified as Office and Land, offering flexibility for future development or expansion. Don't miss this chance to secure a prime investment in a rapidly growing area.

Highlights

  • Excellent access to I-35, Hwy 84, and Hwy 6.
  • Ample parking with two ingress/egress drives.
  • 7% cap rate.
  • Fully leased through the end of 2031.
  • Absolute NNN lease with 3% annual rent increases through 2031.

Property Details for 601 Texas Central Pkwy

Property type
Office properties, Land
Square Feet
36,297 SF
Lot Size (sq. ft)
356,321 SF

Location Insight

City
Waco
County
McLennan
State
Texas
Latitude
31.500033898884
Longitude
-97.201740058302
601 Texas Central Pkwy, Waco, Texas

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601 Texas Central Pkwy
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