502 Highway 77 N Waxahachie, TX 75165
New 15-year absolute NNN ground lease with rent increases.
Property size:
2,043 SFLot size:
0.75 AcresProperty Features for 502 Highway 77 N
General Information
- Size
- 2,043 SF
- Lot size
- 0.75 Acres
Source:
Moodyscre
Listing Agent: Kyle Varni
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
NNN Ground Lease in Waxahachie
This property features a new 15-year absolute NNN ground lease with 10% rent increases every five years during the primary term and options, plus five 5-year options to renew. The property is located off N Hwy 77, the main retail corridor in Waxahachie, adjacent to H-E-B and Aldi, and just east of I-35, which has a traffic volume of over 64,170 vehicles per day. The surrounding demographics within a 5-mile radius are exceptional, with over 58,000 people and an average household income exceeding $113,000. Waxahachie, Texas, a growing city 30 miles south of Dallas, enjoys an ideal position along I-35 within the expanding Dallas–Fort Worth MSA. The property is suitable for storefront, individual retail, and specialty purposes, including a coffee shop or restaurant. The property is currently occupied by HTeaO, the nation’s leading iced tea franchise, which operates 150 locations across 14 states. The property size is 2,043 square feet.
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Waxahachie
- County
- Ellis
- State
- Texas
- Longitude
- -96.848434
- Latitude
- 32.390658
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FAQs
What type of property is this?
Storefront property - New 15-year absolute NNN ground lease with rent increases.
Where is this storefront property located?
The property is located at 502 Highway 77 N Waxahachie, TX.
What is the asking price?
The asking price for this property is $1,140,000.
What are key features of this property?
This property features: - 15-year absolute NNN ground lease with rent increases every 5 years.; - Located off N Hwy 77, the main retail corridor in Waxahachie, adjacent to H-E-B and Aldi.; - Exceptional demographics: Over 58,000 people within 5 miles with an average household income exceeding $113,000.