request_info_guest false

Waxahachie, TX - First Watch

$4,091,000

1760 N Hwy 77, Waxahachie, TX 75165

Active
Last Updated: 06/27/2025

5.5

Cap Rate

225,000

NOI

Details:
Cap Rate:    5.5%
NOI:    $225,000
Building Size:    3,952 sqft
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:
Location
Gallery