Dutch Bro's

950 SF | 100% Leased | Retail Building | Waxahachie, TX 75165 | $1,588,785 ($1,672/SF) | 5.35% Cap Rate

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $1,588,785

Property Type
Retail
Square Feet
950 SF
Price / Square Foot
$1,672

Listing Contacts

Geoff Ficke
Geoff Ficke
Verified Profile
Zack Ficke
Zack Ficke
Verified Profile
Jack France
Jack France
Verified Profile
  • Property Info

Property Overview

The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the ground lease interest of the Dutch Bros. Coffee retail property located at 1995 N Highway 77, Waxahachie, TX (“Subject Property”).
The Subject Property is a brand-new ground lease development for Dutch Bros. Coffee that will be completed and open for business in Q2 2024. The 950 square foot prototype sits on a ±.0.605 acre lot and has a long term 15 year abs. NNN lease which is corporately guaranteed. Investors will enjoy zero landlord responsibilities and 10% rental increases every 5 years of the base lease term and through each of the three (3) 5-year renewal options. This investment opportunity will provide long term sustainable cashflow and protection against inflationary forces to a future owner.
This location along Highway 77 is ideal for Dutch Bros. Coffee. Highway 77 is a high traffic retail corridor which sees over 33,000 VPD and is the main north/south thoroughfare through the city of Waxahachie. Dutch Bros. Coffee will benefit from immediate proximity to a spur of new developments such as the Shops at Waxahachie, a retail strip center directly neighboring the Dutch Bros location, as well as the new Tom Thumb supermarket that is being developed across the street and will shadow anchor the site.
Waxahachie sits in the southern part of the Dallas Fort Worth MSA and has experienced a major population boom in recent years that has spurred new developments, schools, and businesses in the area. City officials say that in 2022 they saw an average of 130 new residents each month which has put some major projects on the forefront of the city’s growth. Some of these projects include Baylor Scott and White expanding their facility in town, Jerry Jones’ company Blue Star is developing a “Fanatics” sportswear distribution center at Highway 287 and I-35 interchange, new high school and elementary school campuses which are in the works.

Property Details

Class
B
Year Built
2025
Stories
1
Lot Size (sq. ft)
81,022 SF

Highlights

  • Dallas Fort Worth MSA
  • New 2024 Ground Lease Development
  • Long term 15-year Lease
  • Zero Landlord Responsibilities
  • Shadow-anchored to New Tom Thumb
  • 33,000+ VPD along Highway 77

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