Property Name

El Fenix

GLA 6,110 SF

Percent Leased 100% Leased

Property Description

El Fenix is a 6,110 square foot, single-tenant net leased retail asset situated on 1.54 acres at the intersection of U.S. Highway 287 and U.S. 77 in Waxahachie, Texas with close proximity to Dallas (less than 30 minutes) and Fort Worth (less than 45 minutes).  El Fenix is guaranteed by El Fenix Corporation, which is owned by Firebird Restaurant Group with over 50 locations in operation.  At close of escrow, the tenant will sign a new, 15-year NNN Lease with 10% rent escalations every 5 years and in each of the two, 5-year renewal options.