Investment Highlights

Large 2+ Acre Parcel | Excellent Site Access

• The Property consists of a large 2.18-acre parcel with favorable Community Commercial District zoning which allows for a broad range of uses ranging from restaurants, retail, and more.
• The Property features convenient access with numerous points of ingress and egress. It features a curb cut on Frontage Road, shares an access road with a high-volume QuikTrip, and boasts cross easement access with Dave’s Hot Chicken, and other neighboring businesses such as IHOP and Quality Inn Suites providing additional access to South New Road.

Interstate Location | $250 Million Expansion Project Underway

• The Property is strategically situated on I-35 Frontage Road at the South New Road Intersection. I-35 is currently undergoing a $250+ million expansion project which will increase capacity to 8-lanes of travel (4 in each direction). The project which began in 2025 is scheduled to be completed in 2029.
• Downtown Waco, which supports 7,700+ corporate employees, is approximately 3.4 miles / 7 minutes away via I-35.

Less than 3-Miles to Baylor University | 20,000+ Students

• Baylor University, located approximately 3 miles from the Property, serves more than 20,000 students and employs over 5,600 faculty and staff.
• A significant portion of Baylor’s student housing is located within 3 miles of the Property, providing restaurant concepts in particular, which can serve both on-site customers and third-party delivery platforms, with even greater customer coverage.
• The Property’s access via I-35 and surrounding roadways allows operators to benefit from student traffic (delivery) while also capturing demand from residents, interstate travelers, and the surrounding daytime workforce.

Excellent Synergies | Next to Waco’s Most Trafficked Retail Trade Area

• The Property is strategically situated within Waco’s major retail trade area which major drivers as Central Texas Marketplace (3.9M+ annual visits), which features Bass Pro Shop, a newly built Topgolf which ranks in the 96th percentile nationwide, and the 6th most visited H-E-B nationwide with 3.4+ million annual visits.
• The Property is also in close proximity to Richland Mall, the largest shopping center between DFW and Austin, numerous restaurants and limited-service hotels.

Situated Amongst Rooftops | Continued Area Growth

• The Property is situated within a dense residential area supported by over 143,000 residents living within 3 miles.
• Within the more immediate area there are a number of multi-family developments totaling approximately 3,000+ units. Future developments include Commons at Cottonwood Creek (372 units, under construction) and Heritage at Waco (240 units, planned).
• Several South Waco schools, including but not limited to Kendrick Elementary (469 students), Alta Vista Elementary (528 students), and University High (1,750 students), are located nearby.

Near Major Area Employers | Texas Central Park | Area Hospitals

• The Property benefits from being amongst a strong daytime workforce with over 39,000 employees in the immediate area, providing a strong potential day-part segment.
• Approximately 2 miles from the Property is Central Texas Park, a key regional industrial park which employs over 20,000 and is home to Fortune 500 corporations such as Mars Inc., Tractor Supply Co, Amazon, Walmart, Grainger, Glazer’s, Caterpillar, and many more.
• Across from Central Texas Park is Robinson Business Park, which is currently under construction and will be home to Amazon, Walmart’s 3rd milk-processing plant ($350M), Con-way Freight, and others.
• Baylor Scott & White Medical Center – Hillcrest, 4th largest Waco employer, is next to Central Texas Park with 260 beds and 2,200+ employees.
• Additional medical facilities nearby include Doris Miller VA Medical Center (204 beds, 900 employees) and Ascension Providence Hospital, Waco’s 2nd largest company with 2,500+ employees and 237 beds.