1018 - 1020 Franklin Ave
$3,218,000
1018 - 1020 Franklin Ave Waco, TX 76701
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About this listing
DESCRIPTION
100% Occupancy with Internet-Resistant Tenants in the Highly Sought After Silo District in Downtown Waco
HIGHLIGHTS
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Milo All Day is Widely Regarded as the Premier Dining Destination in Waco, Consistently Ranking as the City’s “Best” Across Multiple Platforms:
– Milo All Day is a chef-driven, southern-inspired anchor that functions as a “neighborhood living room,” attracting customers from breakfast through dinner
– Critically Acclaimed: Regularly featured on the Eater Dallas/Texas “Hot Map,” Milo has transitioned from a beloved food truck to a sophisticated brick-andmortar powerhouse; it holds a consistent high ratings across Yelp and Google with thousands of reviews
– Versatile Revenue Streams: Beyond the daily restaurant operations, the property features a dedicated industrial-chic event space
– Milo is responsible for roof and structure -
Splendid Oaks Chocolates | The Destination Confectionery:
– Handcrafted Excellence: Known for premium, small-batch chocolates and world-class ice cream, Splendid Oaks acts as the perfect “dessert destination” for the crowds finishing their meals at Milo -
Salon Asylum:
– A top-tier salon provides the property with a stable, repeat-clientele base that is “internet-proof”
– Established Reputation: As one of Waco’s most sought-after salons, it brings a consistent flow of high-income local professionals to the site
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Cap Rate
7%
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Building Size
9,600 sqft
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Lot Area
0.48 acres
