1201 Ferris Ave, Waxahachie, TX 75165

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a single-tenant Walgreens property located at 1201 Ferris Avenue in Waxahachie, Texas. The Property consists of a 15,153-square-foot building situated on 1.47 acres, constructed in 2001. Walgreens is operating under an absolute NNN lease with zero landlord responsibilities, providing investors with a completely passive and stable income stream. The lease commenced November 9, 2020 and extends through November 30, 2035, offering more than nine years of remaining term with twelve five-year renewal options through 2095, featuring approximately 5% rental increases every five years that provide a built-in hedge against inflation.

The Property is positioned along Ferris Avenue, a primary commercial corridor in Waxahachie, near the crossroads of Interstate 35E and U.S. Highway 287 and approximately 30 miles south of downtown Dallas. This high-growth location benefits from year-round activity generated by a deep industrial and distribution employment base, regional healthcare anchored by Baylor Scott & White Health, and sustained population growth across the southern Dallas-Fort Worth metroplex. The building features a full-service drive-thru and approximately ninety-eight surface parking spaces, supporting strong retail functionality and long-term site value.