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1995 North US Highway 77

Updated Jan 3, 2025

Marianne Vernacchia Acquires Retail Asset In Waxahachie With Buyer's Rep John Paine
SOLDRetail

Marianne Vernacchia Acquires Retail Asset In Waxahachie With Buyer's Rep John Paine

1995 North US Highway 77

Building Size

950 SF

Asset Type

Retail

Closing

Dec 19, 2024

About this deal

AI

A retail property located at 1995 North US Highway 77 in the Waxahachie market has been sold. The asset type is retail with a square footage of 950. This property features brand new construction for a Dutch Bros coffee shop situated within the Dallas-Fort Worth MSA and is subject to a 15-year ground lease.

Summary of transaction details:

The transaction involved key representatives from both the buyer and seller sides, highlighting their engagement in the deal to secure this retail asset. The buyer was represented by John Paine from the Paine Net Lease Team at Marcus & Millichap, while the seller's interests were served by Zack Ficke, Geoff Ficke, and John France from Colliers.

On the Map

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Retail

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Players

Geoff Ficke

Colliers

Broker

$4.9M

vol

4 deals

Broker
John Paine
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John Paine

Paine Restaurant Group at Marcus & Millichap

Broker

$5.4M

vol

15 deals

Broker
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Waxahachie Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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