Restaurant
First Watch (NASDAQ: FWRG) - Leading Daytime Dining Concept | DFW | #1 Most Visited Location in TX
1760 N Hwy 77, Waxahachie (Dallas-Fort Worth MSA), TX 75165
Listing Price: $3,913,000
Investment Overview
Waxahachie, Texas is one of the fastest growing communities along the Interstate 35E corridor south of Dallas, benefiting directly from the continued expansion of the Dallas Fort Worth Metroplex. Located approximately 30 miles south of Downtown Dallas, Waxahachie provides residents and businesses with convenient access to major employment centers while offering suburban affordability and quality of life.
North Highway 77 serves as the city’s primary retail corridor, functioning as a central artery that connects Interstate 35E to Waxahachie’s expanding residential neighborhoods and commercial developments. The corridor has evolved into Ellis County’s dominant retail hub, anchored by major national retailers including Target, HEB, Lowe’s Home Improvement, Academy Sports, and Hobby Lobby. These destination anchors drive consistent consumer traffic from Waxahachie, Red Oak, Midlothian, and surrounding rural communities.
Ellis County continues to experience strong population growth as households migrate south from Dallas in search of newer housing, larger lot sizes, and lower cost alternatives. Significant residential development is underway throughout the area, including multiple master planned communities and new single family subdivisions that are steadily increasing rooftops and disposable income within the trade area.
The market is further supported by major healthcare and employment drivers such as Baylor Scott and White Medical Center Waxahachie, Waxahachie Independent School District, and Navarro College. Additionally, industrial and logistics expansion along Interstate 35E has strengthened the regional employment base.
As growth continues to push south from Dallas, Waxahachie is positioned as a strategic long term retail and residential growth market within one of the strongest metropolitan economies in the United States.
Investment Highlights
- Long Term Corporate Backed Lease Featuring 10% Rental Increases at Year 7 and Each Option. Brand New 2025 High Quality Construction.
- Since Opening, this First Watch is the most visited Location in Texas and in the 95th Percentile Nationwide per placer.ai. Along N Hwy77 (27k+ VPD), Waxahachie's Primary Retail thoroughfare.
- Established National Daytime Dining Concept with Scalable Growth Platform - Publicly Traded on NASDAQ, First Watch Operates 630+ Restaurants Across 32 States.
- Strong Daytime Employment Base - Supported by nearby Employers including Baylor Scott & White Medical Center, Waxahachie Independent School District, and Regional Distribution and Logistics Operations.
- Within Waxahachie Marketplace - a Large Multi-Tenant Power Center Anchored by Academy Sports, TJ Maxx, Ulta, Kirkland's, Five Below and more, driving Strong Retail Demand in a High-Growth Ellis County Trade Area.
- Rapid Population Growth and Affluent Demographics - Waxahachie has Grown more than 25% Since 2020 with Annual Growth near 3–4%, supported by Average Household Incomes Exceeding $108k within a 3-Mile Radius.
- Rapid Residential Development Pipeline - Surrounded by Expanding Master Planned Communities and New Single Family Housing Developments driving Continued Rooftop Growth in Waxahachie.
- Positioned within Waxahachie's Dominant Retail Hub - Surrounded By National Retail Anchors including Target, The Home Depot, Walmart Supercenter, H-E-B, Best Buy, Lowe's, Hobby Lobby, Belk and many more. Immediate Access to Interstate 35E - Located Minutes from Interstate 35E, a Major North South Arterial Connecting to Downtown Dallas, Lancaster, Red Oak, and the Broader Dallas Fort Worth Metroplex.
Exclusively Listed By
Broker of Record
-
Alvin N. Mansour
Executive Managing Director Investments
Restaurant
First Watch (NASDAQ: FWRG) - Leading Daytime Dining Concept | DFW | #1 Most Visited Location in TX
Listing Price: $3,913,000
Investment Highlights
- Long Term Corporate Backed Lease Featuring 10% Rental Increases at Year 7 and Each Option. Brand New 2025 High Quality Construction.
- Since Opening, this First Watch is the most visited Location in Texas and in the 95th Percentile Nationwide per placer.ai. Along N Hwy77 (27k+ VPD), Waxahachie's Primary Retail thoroughfare.
- Established National Daytime Dining Concept with Scalable Growth Platform - Publicly Traded on NASDAQ, First Watch Operates 630+ Restaurants Across 32 States.
- Strong Daytime Employment Base - Supported by nearby Employers including Baylor Scott & White Medical Center, Waxahachie Independent School District, and Regional Distribution and Logistics Operations.
- Within Waxahachie Marketplace - a Large Multi-Tenant Power Center Anchored by Academy Sports, TJ Maxx, Ulta, Kirkland's, Five Below and more, driving Strong Retail Demand in a High-Growth Ellis County Trade Area.
- Rapid Population Growth and Affluent Demographics - Waxahachie has Grown more than 25% Since 2020 with Annual Growth near 3–4%, supported by Average Household Incomes Exceeding $108k within a 3-Mile Radius.
- Rapid Residential Development Pipeline - Surrounded by Expanding Master Planned Communities and New Single Family Housing Developments driving Continued Rooftop Growth in Waxahachie.
- Positioned within Waxahachie's Dominant Retail Hub - Surrounded By National Retail Anchors including Target, The Home Depot, Walmart Supercenter, H-E-B, Best Buy, Lowe's, Hobby Lobby, Belk and many more. Immediate Access to Interstate 35E - Located Minutes from Interstate 35E, a Major North South Arterial Connecting to Downtown Dallas, Lancaster, Red Oak, and the Broader Dallas Fort Worth Metroplex.
Investment Overview
Waxahachie, Texas is one of the fastest growing communities along the Interstate 35E corridor south of Dallas, benefiting directly from the continued expansion of the Dallas Fort Worth Metroplex. Located approximately 30 miles south of Downtown Dallas, Waxahachie provides residents and businesses with convenient access to major employment centers while offering suburban affordability and quality of life. North Highway 77 serves as the city’s primary retail corridor, functioning as a central artery that connects Interstate 35E to Waxahachie’s expanding residential neighborhoods and commercial developments. The corridor has evolved into Ellis County’s dominant retail hub, anchored by major national retailers including Target, HEB, Lowe’s Home Improvement, Academy Sports, and Hobby Lobby. These destination anchors drive consistent consumer traffic from Waxahachie, Red Oak, Midlothian, and surrounding rural communities. Ellis County continues to experience strong population growth as households migrate south from Dallas in search of newer housing, larger lot sizes, and lower cost alternatives. Significant residential development is underway throughout the area, including multiple master planned communities and new single family subdivisions that are steadily increasing rooftops and disposable income within the trade area. The market is further supported by major healthcare and employment drivers such as Baylor Scott and White Medical Center Waxahachie, Waxahachie Independent School District, and Navarro College. Additionally, industrial and logistics expansion along Interstate 35E has strengthened the regional employment base. As growth continues to push south from Dallas, Waxahachie is positioned as a strategic long term retail and residential growth market within one of the strongest metropolitan economies in the United States.
Exclusively Listed By
Broker of Record
-
Alvin N. Mansour
Executive Managing Director Investments