1003 N Us-77 Hwy - Restaurant FOR SALE


Waxahachie, TX 75165
$3,347,000 USD
214-960-2835
1003 N Us-77 Hwy, Waxahachie, TX for Sale
$3,347,000 USD
Restaurant - FOR SALE
1/5
null | 6% Cap Rate

1003 N Us-77 Hwy
Waxahachie, TX 75165


HIGHLIGHTS

  • Dickey’s Barbecue Pit is the Largest BBQ Restaurant Brand in the World with 375+ Locations Across 40+ States with Ongoing Franchise-Driven Expansion
  • Absolute NNN Lease – Zero Landlord Maintenance Responsibilities
  • 3% Annual Escalations with Base Rent Term Through February 2037
  • Well-Positioned, 0.9 Acre Pad Fronting Northwest Highway 77 (29,800+ VPD) with Proximity to US Highway 287 (46,300+ VPD)
  • Dense Retail Corridor with 3.7MM+ SF of Retail GLA in a 2-Mile Radius with an Additional 9.9K+ SF Under Construction, Including Nearby
  • Equipped with Drive-Thru, Enhancing Long Term Residual Value; Two-Sided Highly Visible Pylon Sign

OVERVIEW

New 12-Year Absolute NNN Lease, Drive-Thru Asset with 3% Annual Rent Increases in the Thriving DFW Submarket. Dickey's Barbecue is the Largest Barbecue Restaurant Franchise in the World (375+ Locations). Nearby National Tenant Retailers Include Walmart Supercenter, Hobby Lobby, H-E-B, Target, Lowe’s Home Improvement, The Home Depot, Ross Dress for Less & PetSmart Amongst Others. Adjacent to Top Performing Adjacent H-E-B; Estimated Annual Sales of $178MM+ & Ranked in the Top 10% in Visits (3MM+) H-E-Bs Nationwide; Adjacent Walmart reportedly in top 12% in Visits Nationally (Placer.AI. Total Population Increased by 118% & Total Households Increased by 139% in a 5 Mile Radius from 2000 to 2025. Baylor Scott & White Medical Center Sits Less Than 10 Minutes Away; 1,200+ Employees & 129 Beds. Moments from Several Planned Developments Including a New Large-Format Retail Site for Sam’s Club (166K+ SF with 845 Parking Spaces) & The Emory at North Grove (153K+ SF Multifamily Project with 98 Units.

FOR SALE DETAILS

PRICE

$3,347,000 USD

PRICE/SF

$719 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dickey's Barbecue Pit

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,378 SF

ZONING

F1

APN/PARCEL ID

219622

ASK ABOUT THIS PROPERTY

Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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

Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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