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FIRST WATCH (NASDAQ: FWRG) | TOP LOCATION 1760 N Highway 77 3,952 SF Retail Building Waxahachie, TX 75165 $5,381,940 CAD ($1,361.83 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Long Term Corporate Backed Lease Featuring 10% Rental Increases at Year 7 and Each Option. Brand New 2025 High Quality Construction.
- Prime Retail Corridor - Along North Highway 77 (27k+ VPD), Waxahachie’s Primary Retail thoroughfare.
- Strong Daytime Employment Base - Supported by nearby Employers including Baylor Scott & White Medical Center, Waxahachie School District, and more.
- Since Opening, this First Watch is the most visited Location in Texas and in the 95th Percentile Nationwide per placer.ai.
- Established National Daytime Dining Concept with Scalable Growth Platform - Publicly Traded on NASDAQ, First Watch Operates 630+ Restaurants.
- Rapid Population Growth and Affluent Demographics - Waxahachie has Grown more than 25% Since 2020 with Annual Growth near 3–4%.
Executive Summary
First Watch (NASDAQ: FWRG) | #1 Most Visited Location in Texas | 95th Percentile Nationwide per placer.ai | Within Academy Sports, TJ Maxx Anchored Retail Center | Prime Highway 77 Retail Corridor Location - Immediate Access to Interstate 35 | Immediate Area Experiencing Major Growth | Affluent Demographics: $108k Avg. HHI | Strong Daytime Employment Base
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,952 SF
Building Class
C
Year Built/Renovated
2019/2025
Price
$5,381,940 CAD
Price Per SF
$1,361.83 CAD
Cap Rate
5.75%
NOI
$309,465 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.15 AC
Zoning
Commercial
Parking
63 Spaces (15.94 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Restaurant
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- First Watch (NASDAQ: FWRG)
- Retailer
- 3,952 SF
- -
- Double Net
- Aug 2037
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| First Watch (NASDAQ: FWRG) | Retailer | 3,952 SF | - | Double Net | Aug 2037 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Map
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FIRST WATCH (NASDAQ: FWRG) | TOP LOCATION | 1760 N Highway 77
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