Press Releases
Marcus & Millichap Brokers $3.85M Sale of First Watch in Waxahachie, Texas
November 03, 2026
WAXAHACHIE, Texas, Nov. 3, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of First Watch, a 3,952-square-foot restaurant property located at 1760 N. Highway 77 in Waxahachie, Texas. The property sold for $3.85 million.
“This transaction generated multiple offers reflecting continued investor demand for well-performing, corporate-backed restaurant properties,” said Jon Talia, managing director investments. “The property’s strong customer traffic, long-term lease and location along Waxahachie’s primary retail corridor made it an attractive investment for a 1031 exchange buyer. As residential and commercial development continues to expand south of Dallas, we expect demand for well-located net-leased assets in this market to remain strong.”
Talia and Alvin Mansour, investment specialists in Marcus & Millichap’s San Diego office, had the exclusive listing to market the property on behalf of the seller, a Texas-based private investor. The buyer was a private investor completing a 1031 exchange.
Built in 2018, the property is situated on a 1.15-acre parcel within Waxahachie Marketplace, a retail center featuring national tenants including Academy Sports, T.J. Maxx, Ulta Beauty and Five Below. The property is leased to First Watch under a corporate-guaranteed, double-net lease with approximately 11 years remaining. The property is located along North Highway 77, near Interstate 35E, just south of downtown Dallas.
“This transaction generated multiple offers reflecting continued investor demand for well-performing, corporate-backed restaurant properties,” said Jon Talia, managing director investments. “The property’s strong customer traffic, long-term lease and location along Waxahachie’s primary retail corridor made it an attractive investment for a 1031 exchange buyer. As residential and commercial development continues to expand south of Dallas, we expect demand for well-located net-leased assets in this market to remain strong.”
Talia and Alvin Mansour, investment specialists in Marcus & Millichap’s San Diego office, had the exclusive listing to market the property on behalf of the seller, a Texas-based private investor. The buyer was a private investor completing a 1031 exchange.
Built in 2018, the property is situated on a 1.15-acre parcel within Waxahachie Marketplace, a retail center featuring national tenants including Academy Sports, T.J. Maxx, Ulta Beauty and Five Below. The property is leased to First Watch under a corporate-guaranteed, double-net lease with approximately 11 years remaining. The property is located along North Highway 77, near Interstate 35E, just south of downtown Dallas.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
