Walgreens Drug
For Sale
$6,000,000
833 N Saginaw Boulevard, Saginaw, TX 76179
National-brand tenancy is structured as an absolute net lease with no landlord responsibilities.
Property Size14,700 SF
Price / SF$408.16
Days on Market23
Property Features for 833 N Saginaw Boulevard
General Information
Standard status
Active
Size
14,700 SF
Building Details
Year Built
2003
Listing Agency:
Rohter & Company
Listed By:
Edward Wiewel · License #0775025
(972) 719-2633
Source:
Christenberrygroup
Added: Sep 15
Changed: Oct 1
Last Checked: Oct 5 at 7:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rohter & Company
Investment Insights
Based on property information with market context.
The property is a 14,700-square-foot drug store built in 2003 and occupied by Walgreens, a national-brand tenant. The lease is described as absolute net, with no landlord responsibilities identified in the available property information.
The building is located at 833 N Saginaw Boulevard in Saginaw, Texas, along Saginaw Boulevard, a main street running through the city. The property is positioned within a Fort Worth submarket. Store-sales information, leases, and a survey are available through the listing agent upon request.
The building is located at 833 N Saginaw Boulevard in Saginaw, Texas, along Saginaw Boulevard, a main street running through the city. The property is positioned within a Fort Worth submarket. Store-sales information, leases, and a survey are available through the listing agent upon request.
Key Highlights
- 14,700‑square‑foot drug store
- Walgreens national‑brand tenancy
- Absolute net lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$265,328
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,306,560
$5.3M
Cap Rate 7%
$3,790,400
$3.8M
Cap Rate 9%
$2,948,089
$2.9M
Market Conditions
NOI Build-Up for 14,700 SF
Gross rent
$370.4K $25.20/SF
− Vacancy
−$16.7K −$1.13/SF
EGI
$353.8K $24.07/SF
− OpEx
−$88.4K −$6.02/SF
NOI
$265.3K $18.05/SF
Area
ZIP 76179
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,306,560
Cap Rate 7%
$3,790,400
Cap Rate 9%
$2,948,089
Alternative Uses
Best Use
Specialty Retail
$3.79M
$3.32M – $4.42M
NOI $265,328 @ 7.0% cap · market cap 4.42%
Second Best
Retail
$3.38M
$2.95M – $3.94M
NOI $236,281 @ 7.0% cap · market cap 3.94%
Theoretical Best
Warehouse
$17.54M
$15.35M – $20.47M
NOI $1,228,046 @ 7.0% cap · market cap 20.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76179, TX
68,333
Population
26,227
Households
2.6
Avg Household Size
34
Median Age
31%
College-Educated
92%
High-School Grad
51.9 sq mi
ZIP Area
1,317
Density / Sq Mi
$108,428
Median Household Income
$53,878
Median Earnings
$1,840
Median Rent
$299,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drug store - National-brand tenancy is structured as an absolute net lease with no landlord responsibilities.
Where is this drug store located?
The property is located at 833 N Saginaw Boulevard Saginaw, TX.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 14,700‑square‑foot drug store; Walgreens national‑brand tenancy; Absolute net lease structure
