SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in two freestanding multi-tenant retail building investment properties and a single tenant Fish City Grill investment property located in Waxahachie, Texas. The offering features a strong food and service-based tenant lineup. The tenants operate under net (retail) and gross (office) leases, limiting expense leakage for a future investor. This newer construction building features elevated design and utilizes high-quality materials The properties are at 100% occupancy, providing a stable cash income stream, ideal for a future passive investor. The properties can be purchased together or separately. NGC II and III come with additional, developable land. The additional land is developer friendly, at $7 and $10 PSF.
The North Grover Center is located near the signalized, hard corner intersection of Butcher Rd and N Hwy 77, combining to average over 38,600 vehicles passing by daily. N Hwy 77 is a major retail thoroughfare serving the city of Waxahachie. The properties are adjacent to a 71,000+ square foot Atwoods. In addition, the assets are in close proximity to Waxahachie Marketplace, a 155,000+ square foot shopping center, complete with national tenants including Academy, TJ Maxx, Five Below, a Raising Cane’s and an Arby’s outparcel, and more. NGC is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Target, Lowe’s, Home Depot, Hobby Lobby, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 64,300 residents and 22,900 employees. The residents within the 1-mile trade area boast an affluent average household income of $125,270.