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1796 N US Highway 77 7,150 SF 100% Leased Retail Building Waxahachie, TX 75165 $4,808,200 ($672.48/SF) 6% Cap Rate
Investment Highlights
- New 2025 Construction: Modern retail asset with minimal near-term capital needs and strong long-term durability.
- Built-In Rent Growth: Annual contractual escalations across all leases support steady organic NOI growth.
- Highway 77 Visibility: Prime frontage along a major Waxahachie corridor
- 100% Leased | 9-Year WALT: Fully stabilized with leases running through 2036
- Internet-Resistant Tenant Mix: Diversified blend of food, fitness, and personal services generating recurring daily traffic.
- NNN Lease Structure: Passive ownership with tenants responsible for taxes, insurance, and CAM.
Executive Summary
Shops at Waxahachie (the “Property”) a newly constructed, three-tenant retail center prominently located along Highway 77 in Waxahachie, Texas. Situated on one of the city’s primary commercial corridors, the Property offers strong visibility, excellent access, and convenient connectivity to the surrounding trade area and continued residential growth.
Completed in 2025, the Property contains approximately 7,150 square feet and is fully leased to Jersey Mike’s, BODYBAR Pilates, and Citrus Nail Salon, providing a complementary mix of service-oriented and daily-needs tenancy. The center features modern architecture, quality storefront glass, efficient suite configurations, and ample parking, creating an attractive environment for both tenants and customers.
The Shops at Waxahachie offers investors the opportunity to acquire a stabilized, newly delivered multi-tenant retail asset with durable tenancy, long-term lease structures, built-in rent growth, and limited landlord obligations.
Completed in 2025, the Property contains approximately 7,150 square feet and is fully leased to Jersey Mike’s, BODYBAR Pilates, and Citrus Nail Salon, providing a complementary mix of service-oriented and daily-needs tenancy. The center features modern architecture, quality storefront glass, efficient suite configurations, and ample parking, creating an attractive environment for both tenants and customers.
The Shops at Waxahachie offers investors the opportunity to acquire a stabilized, newly delivered multi-tenant retail asset with durable tenancy, long-term lease structures, built-in rent growth, and limited landlord obligations.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
7,150 SF
Building Class
B
Year Built
2025
Price
$4,808,200
Price Per SF
$672.48
Cap Rate
6%
NOI
$288,492
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.15 AC
Zoning
Planned Development - Planned Development 117
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Join Jersey Mike’s Subs and Lemondrop Nail Spa
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,593 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 2,593 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1st Floor
| Size | 2,593 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Join Jersey Mike’s Subs and Lemondrop Nail Spa
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 262127 | Improvements Assessment | $0 |
| Land Assessment | $1,287,278 | Total Assessment | $1,287,278 |
Property Taxes
Parcel Number
262127
Land Assessment
$1,287,278
Improvements Assessment
$0
Total Assessment
$1,287,278
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1796 N US Highway 77
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