Absolute NNN Texas Roadhouse
For Sale
Contact for pricing
2508 Tittabawassee Road, Saginaw, MI 48604
Freestanding restaurant investment with a corporate-guaranteed absolute NNN lease and no landlord responsibilities.
Property SizeContact for details
Days on Market144
Property Features for 2508 Tittabawassee Road
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
22,900 vehicles/day
Highway Access
Yes
Road Access
Yes
Listing Agency:
SRS Louisville
(480) 221-4221
Listed By:
Morgan Zant · License #2024015589
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 8:24AM
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 SRS Louisville
Investment Insights
Based on property information with market context.
The property consists of the leased fee interest in a freestanding Texas Roadhouse restaurant at 2508 Tittabawassee Road in Saginaw, Michigan. The building is under construction, with completion expected by Summer 2020. Texas Roadhouse, Inc. is scheduled to execute a 15-year absolute NNN lease at closing, supported by four 5-year extension options. Contractual rent increases of 10% occur every 5 years during the initial term and at the start of each option period. The corporate-guaranteed lease assigns zero landlord responsibilities.
The site is positioned near State Highway 84, which records 22,900 vehicles passing daily, and has on/off-ramp access to Interstate 675. Interstate 675 connects directly to I-75, reported at 41,300 VPD. The property serves as an outparcel to Bay Valley Shopping Center, a 200,000 SF center anchored by Lowe's Home Improvement and Hobby Lobby, and sits across from Fashion Square Mall, an 800,000 SF regional mall anchored by JCPenney and Macy's. Additional surrounding retail includes Valley Center, Landmark Plaza, and numerous national tenants.
The site is positioned near State Highway 84, which records 22,900 vehicles passing daily, and has on/off-ramp access to Interstate 675. Interstate 675 connects directly to I-75, reported at 41,300 VPD. The property serves as an outparcel to Bay Valley Shopping Center, a 200,000 SF center anchored by Lowe's Home Improvement and Hobby Lobby, and sits across from Fashion Square Mall, an 800,000 SF regional mall anchored by JCPenney and Macy's. Additional surrounding retail includes Valley Center, Landmark Plaza, and numerous national tenants.
Key Highlights
- Leased fee interest in a freestanding Texas Roadhouse property at 2508 Tittabawassee Road, Saginaw, MI 48604
- 15‑year absolute NNN lease with four 5‑year extension options
- 10% rental increases every 5 years during the initial term and at each option period
Property Analytics
Property Profile
Current Use
Lease Details
22,900 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,240
Businesses Nearby
469k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Apparel 29%
Shops & Services 21%
Home Improvements & Furnishings 7%
Cabela's
Apparel
60,405 visits/mo
0.4 miles
JCPenney
Apparel
42,322 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
37,433 visits/mo
0.3 miles
Speedway
Shops & Services
32,407 visits/mo
0.4 miles
Macy's
Apparel
26,110 visits/mo
0.3 miles
Demographics for 48604, MI
12,386
Population
4,603
Households
2.7
Avg Household Size
29
Median Age
24%
College-Educated
95%
High-School Grad
26.3 sq mi
ZIP Area
471
Density / Sq Mi
$53,804
Median Household Income
$18,887
Median Earnings
$928
Median Rent
$93,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding restaurant investment with a corporate-guaranteed absolute NNN lease and no landlord responsibilities.
Where is this nnn property located?
The property is located at 2508 Tittabawassee Road Saginaw, MI.
What are key features of this property?
This property features: Leased fee interest in a freestanding Texas Roadhouse property at 2508 Tittabawassee Road, Saginaw, MI 48604; 15‑year absolute NNN lease with four 5‑year extension options; 10% rental increases every 5 years during the initial term and at each option period
