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1035 Us 387 Byp Waxahachie, TX

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For Sale
$3,290,000

Long-term leased retail property with zero landlord responsibility.

Property size:
6,110 SF
Lot size:
1.65 Acres

Property Features for 1035 Us 387 Byp

General Information

Size
6,110 SF
Lot size
1.65 Acres

Source: STRIVE Agent Adam Gottschalk

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


Overview

Waxahachie Retail Investment Opportunity

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
-96.8483311
Latitude
32.3865312

FAQs

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
More about this property
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