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709 N Interstate 35, Waco, TX, 76705

DENNY’S
Closed

Key Information

$ per SF
$252
Tot. SF
4,257
Type
Retail

Highlights

INVESTMENT HIGHLIGHTS

Premier Redevelopment & Value Add Opportunity

  • High-visibility ±1.22-acre lot with prime frontage along I-35, offering exceptional exposure and accessibility.
  • Opportunity to acquire a restaurant asset at a price significantly below replacement costs compared to new construction.
  • Ideal for national QSR brands, casual dining, multi-tenant retail, or drive-thru conversion, capitalizing on high traffic flow and consumer demand.
  • Strong value-add potential with flexible redevelopment options, appealing to investors and operators seeking to reposition in a growing market.

Strategic Location | High Traffic Counts | Thriving Retail Corridor

  • Unmatched exposure along I-35 with over ±101,500 vehicles per day (VPD), ensuring consistent customer traffic and visibility.
  • Surrounded by major national retailers and businesses, including Sam’s Club, AutoZone, O’Reilly Auto Parts, and Comfort Suites, reinforcing the area’s strength as a dominant retail and hospitality hub.
  • Less than three miles from Baylor University, home to 20,000+ students and faculty, fueling continuous demand for dining, retail, and entertainment.

Strong Market Fundamentals | Booming Economy & Tourism Hub

  • Waco is experiencing rapid population growth of 5.41% from 2020, benefitting from its prime location between Dallas and Austin as a thriving commercial and transportation corridor.
  • Home to top tourist destinations, including Magnolia Market at the Silos, the Dr. Pepper Museum, and the Texas Ranger Hall of Fame, attracting 1.5M + annual visitors and driving retail and hospitality revenue.
  • The Waco City Council has adopted a Strategic Roadmap to guide the phased development of 100 acres in downtown Waco over the next 12 to 20 years including infrastructure improvements, vibrant sub-districts, and major civic projects.

Zach Stevens & Alex DeSoto in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225