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First Watch - DFW MSA 1760 N Highway 77 3,952 SF Retail Building Waxahachie, TX 75165 $3,947,000 ($998.73/SF) 5.70% Cap Rate
INVESTMENT HIGHLIGHTS
- New, 12-Year Lease | Options To Extend | Scheduled Rental Increases
- Waxahachie Marketplace | Waxahachie Towne Center | Dense Retail Corridor
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• First Watch Restaurants corporate signed lease
• 12 years remaining with 2 (5-year) option periods to extend
• The lease features scheduled increases in Year 7 of the initial term and at the beginning of each option period
• Since opening, this First Watch is the most visited location in Texas and in the 95th percentile nationwide per placer.ai
• 12 years remaining with 2 (5-year) option periods to extend
• The lease features scheduled increases in Year 7 of the initial term and at the beginning of each option period
• Since opening, this First Watch is the most visited location in Texas and in the 95th percentile nationwide per placer.ai
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,952 SF
Building Class
C
Year Built/Renovated
2018/2025
Price
$3,947,000
Price Per SF
$998.73
Cap Rate
5.70%
NOI
$225,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.15 AC
Zoning
Commercial
Parking
63 Spaces (15.94 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 263975 | Improvements Assessment | $1,113,280 |
| Land Assessment | $1,286,720 | Total Assessment | $2,400,000 |
PROPERTY TAXES
Parcel Number
263975
Land Assessment
$1,286,720
Improvements Assessment
$1,113,280
Total Assessment
$2,400,000
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First Watch - DFW MSA | 1760 N Highway 77
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