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Waxahachie Retail Investment Opportunity

1035 US 387 Byp, Waxahachie, TX

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For Sale

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Long-term leased retail property with zero landlord responsibility.

Type:RETAIL

Property size:

6,110 SF

Lot size:

1.65 Acres

Price / SF:

$538/SF

HighLights

Long term 15 Year Triple Net Lease at Close of Escrow
Zero landlord responsibility – Tenant Self Maintains all aspects of the Property
1.5% Annual Rental Increases
Located near the intersection of Hwy 287 and N Hwy 77, which sees over 73,000 Vehicles per Day
Tenant is operated by Parent company, Local Favorite Restaurants, which operates 53 locations in north Texas.
Located in Strong Retail Corridors with Surrounding Retailers Including Hobby Lobby, Home Depot, Target, Lowe’s, Walmart Supercenter, McDonald’s, Starbucks, IHOP, Anytime Fitness, H‑E‑B and Many More

We can help!

Listing Contact

Adam Gottschalk

Learn more

For Sale

Contact for pricing

Long-term leased retail property with zero landlord responsibility.

Type:RETAIL

Property size:

6,110 SF

Lot size:

1.65 Acres

Price / SF:

$538/SF

Added:: Jul 24, 2023
Days on Market:: 1052
Last Refresh:: May 20 at 10:01 pm

Property Features for 1035 US 387 Byp

General Information

Standard status: Active
Size: 6,110 SF
Lot size: 1.65 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Adam Gottschalk

Listing agent Adam Gottschalk License #TX 636961

Listing office STRIVE

Listing date Jul 24, 2023

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of STRIVE

HighLights

Long term 15 Year Triple Net Lease at Close of Escrow
Zero landlord responsibility – Tenant Self Maintains all aspects of the Property
1.5% Annual Rental Increases
Located near the intersection of Hwy 287 and N Hwy 77, which sees over 73,000 Vehicles per Day
Tenant is operated by Parent company, Local Favorite Restaurants, which operates 53 locations in north Texas.
Located in Strong Retail Corridors with Surrounding Retailers Including Hobby Lobby, Home Depot, Target, Lowe’s, Walmart Supercenter, McDonald’s, Starbucks, IHOP, Anytime Fitness, H‑E‑B and Many More

Overview

This property features a long-term, 15-year triple net lease that commences at the close of escrow, offering a passive investment opportunity. The lease structure assigns zero landlord responsibilities, as the tenant self-maintains all aspects of the property. The lease includes 1.5% annual rental increases. The parent company, Local Favorite Restaurants, operates 10 different restaurant experiences across 53 locations in North Texas, all within the Dallas-Fort Worth Metroplex in strong retail corridors. Situated near the intersection of Hwy 287 and N Hwy 77, the location benefits from high traffic volume, with over 73,000 vehicles per day. The surrounding area includes retailers such as Hobby Lobby, Home Depot, Target, Lowe’s, Walmart Supercenter, McDonald’s, Starbucks, IHOP, Anytime Fitness, and H-E-B.

Location Intelligence

Current Use by Public Records

Drive through restaurants

Map

City: Waxahachie
County: Ellis
State: Texas
Longitude: -96.8483
Latitude: 32.3865

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What type of property is this?

Drive through restaurant - Long-term leased retail property with zero landlord responsibility.

Where is this drive through restaurant located?

The property is located at 1035 US 387 Byp Waxahachie, TX.

What is the asking price?

The asking price for this property is $3,290,000.

What are key features of this property?

This property features: Long term 15 Year Triple Net Lease at Close of Escrow; Zero landlord responsibility – Tenant Self Maintains all aspects of the Property; 1.5% Annual Rental Increases

1035 US 387 Byp, Waxahachie, TX

Long-term leased retail property with zero landlord responsibility.

Property Features for 1035 US 387 Byp

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Map

Nearby Similar for Sale

Victorian-Style Commercial Building

Flex Warehouse with Retail Zoning

Single-Family Home with Dual Kitchens

Modern Multi-Use Duplex-Style Home

Specialty Property Pod Unit

Versatile Commercial Property on 2+ Acres

Waxahachie Office Building For Sale

Freestanding Grocery Store in Waxahachie

Historic Mixed-Use Retail Opportunity

Hard Corner Retail Strip Center

Dickey's Barbecue NNN Investment Opportunity

Retail Space in Waxahachie Center

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