7023 Sanger AveWaco, TX 76710

Lakeway Shopping Center, located at 7023-7039 Sanger Ave, Waco, Texas 76710, presents a compelling value-add opportunity for investors. This 13,763 square foot retail shopping center boasts a strong 92% occupancy rate and an attractive 8.00% cap rate. The property is situated in a high-traffic area within the expanding Highway 6/Highway 84 growth corridor, offering excellent visibility and accessibility. Benefiting from its proximity to Waco's recently improved YMCA, Providence Hospital, and a major medical district, the center enjoys a strategic location with consistent foot traffic and strong demographics. Easy access to Highway 6 and close proximity to Highway 84 further enhance its appeal. The property is a multi-tenant retail center with a gross lease structure. This presents a chance to capitalize on the existing strong tenancy while exploring potential for future growth and increased revenue. The property's location within McLennan County, Texas, provides a stable market for retail investment. This is a rare opportunity to acquire a well-positioned retail center with significant upside potential in a thriving area.