324 Lacy DrWaco, TX 76705

For Sale
Call for price

7,500 SF Warehouse, 7.25% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 7,500 square foot warehouse in Waco, Texas, presents a compelling investment opportunity. Located at 324 S Lacy Dr, this single-tenant property boasts a strong lease with Forward Air, Inc., extending until January 31, 2029, featuring 3% annual rent increases. The property generates a Net Operating Income (NOI) of $81,000, resulting in an attractive 7.25% capitalization rate. Situated on a four-acre lot, the warehouse features 18-foot ceilings, nine 10' x 20' dock-high doors, one semi-dock, and one ramp, ensuring efficient loading and unloading. Approximately 750 square feet are dedicated to office space. The property benefits from city utilities, a new roof, and a fully fenced perimeter. Its prime location offers excellent access to major transportation arteries, including New Dallas Highway (77), Loop 340, and I-35 North, providing convenient access to the Dallas-Fort Worth metroplex. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset with a long-term lease in a thriving Texas market.

Highlights

  • Tenant: Forward Air, Inc.
  • Lease Expiration: January 31, 2029
  • NOI: $81,000
  • Annual Rent Increases: 3%
  • Cap Rate: 7.25%
  • 7,500 SF Warehouse, 750 SF Office

Property Details for 324 Lacy Dr

Property type
Other warehouses, Other industrial properties
Square Feet
7,500 SF
Lot Size (sq. ft)
174,240 SF

Location Insight

City
Waco
County
McLennan
State
Texas
Latitude
31.6173668
Longitude
-97.1076526
324 Lacy Dr, Waco, Texas

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324 Lacy Dr
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