902 Ferris Ave
Waxahachie, TX
Price:
$1445000
Cap Rate:
5.85%
NOI:
$84,503
Building Size:
Approx. 3553 Sq. Ft.
Lot Size:
Approx. 0.36 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2015
Investment Overview
- 3,553+/- SF Building on 0.36+/- Acre Site. Renovated in 2015
- New 20-Year, Corporate NNN Lease with 10% Rent Bumps every 5-Years
- Near as AutoZone, Sherwin Williams, Comerica, Church’s Chicken, O’Reilly, & CVS
- Located along U.S. 77 (26,835 VPD), just S of U.S. 77’s intersection with U.S. 287 (47,620 VPD)
- Adjacent to Waxahachie Global HS (400 Enroll.), Waxahachie ISD Admin (1,100 Empl.), Waxahachie Sport Complex
- 1.5-Mile Radius: Southwestern Assemblies of God University (2,000 Enroll.), Waxahachie HS (1,722 Enroll.)
- 3-Mile 2015 estimated population: 28,334 | 3-Mile Average household Income: $63,755
- Dallas – Fort Worth – Arlington MSA: 4th Largest MSA in the US | Population: 6,526,548