Absolute NNN Restaurant
For Sale
Contact for pricing
616 S Saginaw Blvd, Saginaw, TX 76179
Long-term lease structure includes renewal options and scheduled annual escalations.
Property SizeContact for details
Days on Market144
Property Features for 616 S Saginaw Blvd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SVN | Vanguard Commercial Real Estate Advisors
(619) 742-9269
Listed By:
Jorge Jimenez · License #CA 01413353
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 5:53AM
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 SVN | Vanguard Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This absolute NNN restaurant property is undergoing a full rebuild for a dual Pizza Hut and KFC concept. The project is located at 616 S Saginaw Blvd in Saginaw, Texas, with the existing Pizza Hut operation identified in the property information.
The lease began January 1, 2020, and has a 15-year initial term. Annual rental increases of 1.25% begin in year six, and the agreement includes four additional five-year renewal options. Lease obligations are guaranteed by a 76-unit Pizza Hut entity that is a subsidiary of Ampex Brands Services, Inc.
The guarantor’s operating platform includes Pizza Hut, KFC, Taco Bell, Long John Silvers, A&W, and Tim Hortons concepts, with more than 409 locations throughout the continental United States.
The lease began January 1, 2020, and has a 15-year initial term. Annual rental increases of 1.25% begin in year six, and the agreement includes four additional five-year renewal options. Lease obligations are guaranteed by a 76-unit Pizza Hut entity that is a subsidiary of Ampex Brands Services, Inc.
The guarantor’s operating platform includes Pizza Hut, KFC, Taco Bell, Long John Silvers, A&W, and Tim Hortons concepts, with more than 409 locations throughout the continental United States.
Key Highlights
- Full rebuild underway for a dual Pizza Hut and KFC concept
- Absolute NNN lease commenced January 1, 2020
- 15‑year initial lease term
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
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
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Long-term lease structure includes renewal options and scheduled annual escalations.
Where is this nnn property located?
The property is located at 616 S Saginaw Blvd Saginaw, TX.
What are key features of this property?
This property features: Full rebuild underway for a dual Pizza Hut and KFC concept; Absolute NNN lease commenced January 1, 2020; 15‑year initial lease term
