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Jacob Luna Of Marcus & Millichap Represents Buyer And Seller In $5.85M Retail Sale In Waco

Property Image
SOLD
$5,850,000

Texas

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Retail5,200 SF
Sold 06/02/2025
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Property Image
SOLD

Jacob Luna Of Marcus & Millichap Represents Buyer And Seller In $5.85M Retail Sale In Waco

195 Heritage Parkway

See Similar Deals
Retail5,200 SF
Sold 06/02/2025
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$1,125
Total Square Footage:5,200 SF
Transaction Type:Sale

The property involved in this transaction is Longhorn Station, a newly developed truck stop situated on 12 acres in Axtell, Texas. The sale price for the asset was $5,850,000, and it encompasses a total square footage of 5,200. This property is categorized as a retail asset within the Waco market, with a price per square foot of $1,125.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,850,000
  • Address: 195 Heritage Parkway
  • Market: Waco
  • Square Footage: 5,200
  • Price Per Square Foot: $1,125
  • Broker: Jacob Luna - Marcus & Millichap

Jacob Luna of Marcus & Millichap represented both the Buyer and Seller in this transaction. The deal included both the real estate and the business operations, allowing for strategic positioning for long-term growth along a key Central Texas transportation corridor.

Players

Jacob Luna
Marcus & Millichap
Jacob Luna
12 deals$66M volume
BROKER

Details

SOLD
IMAGE: Jacob Luna DATE: 6/2/2025 ADDRESS: 195 Heritage Parkway MARKET: Waco ASSET TYPE: Retail BROKER: Jacob Luna (@JacobLuna10) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $5,850,000 SF: 5,200 ~ PPSF: $1,125 NOTE FROM BROKER: Jacob Luna of Marcus & Millichap represented the Buyer and Seller in the sale of Longhorn Station, a newly developed truck stop located on 12 acres in Axtell, Texas. The transaction included both the real estate and business operations. This strategic acquisition positions the new operator for long-term growth along a key Central Texas transportation corridor.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$312,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,783.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,731.98
Annual Debt Service$332,783.81