Investment Highlights

CORPORATE NNN LEASE TO GROWING RESTAURANT TENANT
» Corporate NNN lease to a growing restaurant tenant with 11+ years remaining
» Two (2) five (5) year options, creating a long-term stable income for an investor
» 10% rental increases every five (5) years, providing a hedge against inflation
» MOD Pizza is one of the fastest growing restaurants in America with over 500 locations in the U.S. and Canada

HIGH TRAFFIC LOCATION WITH ACCESS TO A LARGE STUDENT POPULATION
» Strategic location along South Jack Kultgen Expressway with access to 125,084 vehicles per day on Jack Kultgen Freeway/Interstate 35
» Beneficial proximity to U.S. Route 77 Business (19,103 AADT) and U.S. Route 77, a major Texas highway running south-north for 471.3 miles from Mexico to the Oklahoma state line
» Across the street from an ideal customer base at Baylor University, a large 1,000-acre college campus with over 20,626 students and 2,835 employees
» Minutes from McLane Stadium (313,102 attendees in 2021), located on the Brazos River
» Many large hotel chains nearby with over 1,100 guestrooms
» Infill location in a dense retail corridor surrounded by several national retailers including H-E-B, CVS, Chick-fil-A, In-n Out Burger, McDonald’s, Dutch Bros Coffee, Panera Bread, and numerous others, providing crossover traffic in the area
» Located in Downtown Waco near area attractions such as Texas Ranger Museum (50,912 annual visitors) and Cameron Park Zoo (329,027 annual visitors), which was chosen as one of TripAdvisor’s “Top 50 Zoo” in the U.S. and is Waco’s second most visited attraction

POPULOUS COMMUNITY POISED FOR GROWTH
» Situated near single family homes and within walking distance to many large apartment complexes and student housing, establishing a nearby, reliable customer base for the site
» 128,464 residents within five miles (an 8% population growth since 2010)
» Average annual household income of $60,977 within a five-mile radius (projected to increase 17% by 2027)
» Well-positioned in Waco MSA with an estimated population of 280,428 in 2021
» Central location between three populous Texas cities: Dallas (1.3 million residents, the third most populous city in Texas), Fort Worth (918,915 residents), and Austin (961,885 population)

HIGH-QUALITY CONSTRUCTION IN TAX-FREE STATE
» High-quality freestanding building featuring curbside ordering and pick-up, providing additional customer convenience, and boosting sales revenue
» Texas has no state income tax

Property Description

SOLD

MOD Pizza is located strategically along South Jack Kultgen Expressway with access to 125,084 vehicles per day on Jack Kultgen Freeway/Interstate 35. The location maintains beneficial proximity to U.S. Route 77 Business (19,103 AADT) and U.S. Route 77, a major Texas highway that runs south-north for 471.3 miles from the international border with Mexico to the Oklahoma state line north of Gainesville. The site is across the street from Baylor University, a large 1,000-acre college campus with over 20,626 students and 2,835 employees. The property is minutes from McLane Stadium (313,102 attendees in 2021), located on the Brazos River. The site is an infill location within a dense retail corridor. It is situated in Downtown Waco near several area attractions such as the Texas Ranger Museum (50,912 annual visitors) and Cameron Park Zoo (329,027 annual visitors). Cameron Park Zoo was chosen as one of TripAdvisor’s “Top 50 Zoo” in the U.S. and is Waco’s second-most visited attraction. The property is surrounded by several national retailers such as H-E-B, CVS, Chick-fil-A, In-n-Out McDonald’s, Dutch Bros Coffee, Panera Bread, and numerous others, providing crossover traffic in the area.

The location is supported by 128,464 residents within a five-mile radius (an 8 percent growth since 2010). The property is surrounded by single family homes and is within walking distance to many large apartment complexes and student housing, providing a nearby, reliable customer base for the site. Additionally, the property is just minutes from many large hotel chains, with over 1,100 guestrooms. The average annual household income is $60,977 within five miles and is projected to increase 17 percent by 2027, poising MOD Pizza and Waco for concurrent growth. The site is well-positioned in the Waco MSA with an estimated population of 280,428 in 2021. Waco is located centrally between three populous Texas cities: Dallas (1.3 million residents, the third most populous city in Texas), Fort Worth (918,915 residents), and Austin (961,885 population).