Waco, Texas, presents a unique opportunity for investors to capitalize on the growing demand for retail properties. With a population of approximately 140,000, Waco offers a diverse range of retail investment opportunities, from strip centers to freestanding buildings. Retail properties in Waco can represent a variety of investments, including single-tenant net-leased properties, multi-tenant retail centers, and redevelopment opportunities. The city's strategic location, halfway between Dallas and Austin, makes it an attractive destination for retailers and consumers alike. Waco's amenities, including the Waco Mammoth National Monument, Hawaiian Falls water park, and the Waco Suspension Bridge, contribute to its appeal as a retail hub. The city's infrastructure, including Interstate 35, Texas State Highway 6, and US Highway 84, provides easy access to the surrounding areas, making it an ideal location for retail properties.
With 19 retail properties for sale in Waco, investors have a wide range of options to choose from. The average price per square foot for retail properties in Waco is $141 USD, with an average size of 26,454 square feet. The largest retail property available in Waco spans 104,000 square feet. In addition to retail properties, Waco also offers a range of other property types, including shopping centers, restaurants, office properties, and hotels. Shopping centers in Waco benefit from the city's high traffic volume, while restaurants thrive in the downtown area, surrounded by cultural attractions like the Dr Pepper Museum and the Texas Sports Hall of Fame. Office properties in Waco are in high demand, driven by the presence of major employers like Baylor Scott & White Health and L3Harris Technologies. Hotels in Waco, such as the Hotel Indigo, cater to the city's growing tourism industry, which is fueled by attractions like the Magnolia Market and the Waco Mammoth National Monument. Overall, Waco's retail properties offer a unique combination of location, amenities, and investment potential, making them an attractive option for investors.
What is the average cap rate for retail properties in Waco?
When it comes to investing in retail properties in Waco, understanding the average cap rate is crucial. According to current listings, the average cap rate for retail properties in Waco is 7.42%, which is a key metric to consider when evaluating potential investments, and you can learn more about what is a cap rate and its significance in our article at what is a cap rate.
With 19 available listings of retail properties in Waco, ranging in size from 26,454 square feet to 104,000 square feet, and priced at an average of $141 USD per square foot, investors have a variety of options to choose from, each with its own unique characteristics and potential for returns.
How do location and foot traffic affect retail property values?
In Waco, Texas, the location of a retail property significantly impacts its value, with properties situated near major highways like Interstate 35, Texas State Highway 6, and US Highway 84, as well as those in close proximity to Baylor University and the downtown area, typically commanding higher prices due to increased foot traffic and visibility. Additionally, retail properties with high foot traffic, such as those near popular attractions like the Waco Mammoth National Monument, Magnolia Market, and the Dr Pepper Museum, tend to have higher property values, as they offer greater opportunities for businesses to attract customers and generate revenue.
