1035 US 387 Byp Waxahachie, TX
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Long-term leased retail property with zero landlord responsibility.
Type:RETAIL
Property size:
6,110 SFLot size:
1.65 AcresPrice / SF:
$538/SF- Added:
- Jul 24, 2023
- Days on Market:
- 1006
- Last Refresh:
- Apr 5 at 11:15 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
Listing agent Adam Gottschalk License #TX 636961 (469) 844-8890
Listing office STRIVE (469) 844-8890
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
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
- -96.8483
- Latitude
- 32.3865
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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
