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1760 N Highway 77
Waxahachie, TX 75165
FIRST WATCH (NASDAQ: FWRG) | TOP LOCATION · Retail Property For Sale
Investment Highlights
- Long Term Corporate Backed Lease Featuring 10% Rental Increases at Year 7 and Each Option. Brand New 2025 High Quality Construction.
- Prime Retail Corridor - Along North Highway 77 (27k+ VPD), Waxahachie’s Primary Retail thoroughfare.
- Strong Daytime Employment Base - Supported by nearby Employers including Baylor Scott & White Medical Center, Waxahachie School District, and more.
- Since Opening, this First Watch is the most visited Location in Texas and in the 95th Percentile Nationwide per placer.ai.
- Established National Daytime Dining Concept with Scalable Growth Platform - Publicly Traded on NASDAQ, First Watch Operates 630+ Restaurants.
- Rapid Population Growth and Affluent Demographics - Waxahachie has Grown more than 25% Since 2020 with Annual Growth near 3–4%.
Executive Summary
First Watch (NASDAQ: FWRG) | #1 Most Visited Location in Texas | 95th Percentile Nationwide per placer.ai | Within Academy Sports, TJ Maxx Anchored Retail Center | Prime Highway 77 Retail Corridor Location - Immediate Access to Interstate 35 | Immediate Area Experiencing Major Growth | Affluent Demographics: $108k Avg. HHI | Strong Daytime Employment Base
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,952 SF
Building Class
C
Year Built/Renovated
2019/2025
Price
$3,913,000
Price Per SF
$990.13
Cap Rate
5.75%
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
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