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Dickey's Barbecue Pit 1003 N Us-77 Hwy 4,657 SF Retail Building Waxahachie, TX 75165 $3,347,000 ($718.70/SF) 6% Cap Rate

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Investment Highlights

Dickey’s Barbecue Pit is the Largest BBQ Restaurant Brand in the World with 375+ Locations Across 40+ States with Ongoing Franchise-Driven Expansion
3% Annual Escalations with Base Rent Term Through February 2037
Dense Retail Corridor with 3.7MM+ SF of Retail GLA in a 2-Mile Radius with an Additional 9.9K+ SF Under Construction, Including Nearby

Absolute NNN Lease – Zero Landlord Maintenance Responsibilities
Well-Positioned, 0.9 Acre Pad Fronting Northwest Highway 77 (29,800+ VPD) with Proximity to US Highway 287 (46,300+ VPD)
Equipped with Drive-Thru, Enhancing Long Term Residual Value; Two-Sided Highly Visible Pylon Sign

Executive Summary

New 12-Year Absolute NNN Lease, Drive-Thru Asset with 3% Annual Rent Increases in the Thriving DFW Submarket. Dickey's Barbecue is the Largest Barbecue Restaurant Franchise in the World (375+ Locations). Nearby National Tenant Retailers Include Walmart Supercenter, Hobby Lobby, H-E-B, Target, Lowe’s Home Improvement, The Home Depot, Ross Dress for Less & PetSmart Amongst Others. Adjacent to Top Performing Adjacent H-E-B; Estimated Annual Sales of $178MM+ & Ranked in the Top 10% in Visits (3MM+) H-E-Bs Nationwide; Adjacent Walmart reportedly in top 12% in Visits Nationally (Placer.AI. Total Population Increased by 118% & Total Households Increased by 139% in a 5 Mile Radius from 2000 to 2025. Baylor Scott & White Medical Center Sits Less Than 10 Minutes Away; 1,200+ Employees & 129 Beds. Moments from Several Planned Developments Including a New Large-Format Retail Site for Sam’s Club (166K+ SF with 845 Parking Spaces) & The Emory at North Grove (153K+ SF Multifamily Project with 98 Units.

Dickey's BBQ OM (Waxahachie, TX)

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Restaurant

Building Size

4,657 SF

Building Class

Year Built

2002

Price

$3,347,000

Price Per SF

$718.70

Cap Rate

NOI

$200,820

Tenancy

Single

Building Height

1 Story

Building FAR

0.12

Lot Size

0.90 AC

Zoning

F1 - Real Commercial

Parking

40 Spaces (8.59 Spaces per 1,000 SF Leased)

Frontage

154’ on Dallas Hwy

Pylon Sign

Drive Thru

Accommodation and Food Services
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Dickey’s Barbecue Pit is a Texas-style barbecue restaurant chain with a location in Savannah, Georgia, offering a menu centered on slow-smoked meats and traditional Southern sides. Founded in 1941 by Travis Dickey in Dallas, Texas, the brand has grown into one of the largest barbecue chains in the United States. The Savannah location operates at 13051 Abercorn Street and provides dine-in, takeout, and catering services. Known for its smoked brisket, pulled pork, ribs, and classic sides, Dickey’s emphasizes authentic barbecue prepared using family recipes passed down for decades. The company operates under a franchise model, and the Savannah branch is owned by franchisees Piyush and Nirav Patel, who assumed ownership in July 2024. Dickey’s Barbecue Pit is privately held and continues to expand its footprint across Georgia and other states through franchising initiatives.