2801 N Highway 77 - Storefront Retail/Office FOR SALE


Waxahachie, TX 75165
$6,340,000 USD
480-221-4221
2801 N Highway 77, Waxahachie, TX for Sale
$6,340,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | 6.75% Cap Rate

2801 N Highway 77
Waxahachie, TX 75165


HIGHLIGHTS

  • Strong Tenant Lineup | 100% Leased | NNN (Retail) / Gross (Office) Leases
  • Excellent Visibility & Access | Atwoods (71,000+ SF) Dense Retail Corridor | Nearby National/Credit Tenants
  • Strong Demographics In 5-Mile Trade Area | Affluent 6-Figure AHHI

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,340,000 USD

PRICE/SF

$405 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Grove Center I

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

101

LAND DETAILS

LAND ACRES

2.34 AC

LAND SF

102,115 SF

ZONING

PD-C

APN/PARCEL ID

90.6850.902.001.00.112

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.