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Waxahachie, TX - First Watch

$3,947,000

1760 N Hwy 77, Waxahachie, TX 75165

Active
Last Updated: 01/06/2026

5.7

Cap Rate

225,000

NOI

Details:
Cap Rate:    5.7%
NOI:    $225,000
Building Size:    3,952 sqft
Year Built:    2018
Zoning:    Commercial
Year Last Renovated:    2025
Description:

• 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

• The subject property is an outparcel to Wazahachie Marketplace, a Academy anchored center that includes other national/credit tenants such as T.J. Maxx, Raising Cane’s, Five Below, Valvoline, Crumbl, Ulta, and more
• Less than one mile from Waxahachie Towne Center, a Lowe’s and Target anchored center with major tenants including Chick-fil-A, Chipotle, Panera Bread, Boot Barn, Belk, and others
• The property is in the center of a primary retail corridor with other national/credit tenants such as The Home Depot, Walmart Supercenter, Best Buy, Hobby Lobby, H-E-B, Taco Bell, and more
• Strong tenant synergy promotes crossover shopping to the subject property

Map:
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