Single-Tenant Walgreens NNN Property

1201 Ferris Avenue, Waxahachie, TX 75165

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For Sale

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Single-tenant Walgreens building on an absolute NNN lease, offering long-term certainty under a long extension period.

Type:Retail

Property size:

15,153 SF

Price / SF:

$373/SF

HighLights

Single‑tenant Walgreens property at 1201 Ferris Avenue, Waxahachie, TX
15,153 SF building on 1.47 acres
Absolute NNN lease with zero landlord responsibilities
Lease commenced 11/9/2020 and runs through 11/30/2035
Includes 12 (5‑year) renewal options through 2095
Rent increases 5% every 5 years under the lease terms

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Peter Giadla, CCIM

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For Sale

Contact for pricing

Single-tenant Walgreens building on an absolute NNN lease, offering long-term certainty under a long extension period.

Type:Retail

Property size:

15,153 SF

Price / SF:

$373/SF

Added:: Jun 19, 2026
Days on Market:: 9
Last Refresh:: Jun 24 at 2:50 am

Property Features for 1201 Ferris Avenue

General Information

Standard status: Active
Size: 15,153 SF
Property subtype: Retail

Building Details

Year Built: 2020

We can help!

Contact an agent

Peter Giadla, CCIM

Listing office Seneca Real Estate Group

Listing date Jun 19, 2026

Source Crexi

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 Seneca Real Estate Group

HighLights

Single‑tenant Walgreens property at 1201 Ferris Avenue, Waxahachie, TX
15,153 SF building on 1.47 acres
Absolute NNN lease with zero landlord responsibilities
Lease commenced 11/9/2020 and runs through 11/30/2035
Includes 12 (5‑year) renewal options through 2095
Rent increases 5% every 5 years under the lease terms

Overview

The property is a single-tenant Walgreens facility comprising a 15,153-square-foot building constructed in 2001, set on 1.47 acres. The offering is structured as an absolute NNN lease with zero landlord responsibilities, designed to shift maintenance and operating obligations away from the property owner. The lease is currently in place with a commencement date of 11/9/2020 and runs through 11/30/2035.

The Walgreens location is identified as 1201 Ferris Avenue in Waxahachie, Texas. The lease includes 12 five-year renewal options extending to 2095, with rental increases scheduled at 5% every five years. This creates a clearly defined long-term framework for an acquiring party.

For investors seeking a single-tenant, net-leased Walgreens asset, the absolute NNN structure and extended lease term are key considerations. The long duration of the current lease through 2035, along with multiple renewal options, supports the asset’s straightforward hold approach. This profile may also appeal to buyers looking for a Walgreens property where the landlord is not responsible for NNN obligations as stated in the lease terms.

Location Intelligence

Current Use by Public Records

Walgreens Pharmacy Pharmacy Walgreens Photo (Bike/Boat/Book/etc) Store Walgreens Pharmacy FedEx OnSite Postal Service COVID-19 Drive-Thru Testing ... Medical Laboratory

Suggested Use

Similar Places Nearby

CVS Pharmacy — 701 Ferris Ave, Waxahachie, TX 75165
CURVES Body Contouring — 210 Lancaster St, Waxahachie, TX 75165, United States
Tonya Hernandez — 1001 Ferris Ave, Waxahachie, TX 751652557
Eric Emerson — 701 Ferris Ave, Waxahachie, TX 751652551
CURVES — 210 Lancaster St, Waxahachie, TX 75165

Location Insight

Map
Local Demand

City: Waxahachie
County: Ellis
State: Texas
Longitude: -96.8440616
Latitude: 32.3996233

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For sale
Drug stores
TX
Waxahachie
75165
1201 Ferris Avenue

What type of property is this?

Drug store - Single-tenant Walgreens building on an absolute NNN lease, offering long-term certainty under a long extension period.

Where is this drug store located?

The property is located at 1201 Ferris Avenue Waxahachie, TX.

What is the asking price?

The asking price for this property is $5,659,803.

What are key features of this property?

This property features: Single‑tenant Walgreens property at 1201 Ferris Avenue, Waxahachie, TX; 15,153 SF building on 1.47 acres; Absolute NNN lease with zero landlord responsibilities

1201 Ferris Avenue, Waxahachie, TX 75165

Single-tenant Walgreens building on an absolute NNN lease, offering long-term certainty under a long extension period.

Property Features for 1201 Ferris Avenue

General Information

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

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Flex Office and Warehouse

Single-Family Home with Dual Kitchens

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Specialty Property Pod Unit

Waxahachie Office Building For Sale

Versatile Commercial Property on 2+ Acres

Freestanding Grocery Store in Waxahachie

Hard Corner Retail Strip Center

Flex and Warehouse Property

Retail Space in Waxahachie Center

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