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 Market48
Property Features for 833 N Saginaw Boulevard
General Information
Standard status
Active
Size
14,700 SF
Site & Location
Neighborhood
Marine Creek
Building Details
Year Built
2003
Listing Agency:
Rohter & Company
Listed By:
Edward Wiewel · License #0775025
(405) 312-1177
Source:
Christenberrygroup
Added: Sep 15
Changed: Oct 25
Last Checked: Oct 7 at 4:21PM
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
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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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- NuYouProducts — 500 nathan st, saginaw, tx 76179
- Saginaw City Pharmacy — 200 W J Boaz Rd, Saginaw, TX 76179
- Ralph Cano — 833 N Saginaw Blvd, Saginaw, TX 761791234
- Marlise Coulon — 833 N Saginaw Blvd, Saginaw, TX 761791234
- Gregory Okeke — 833 N Saginaw Blvd, Saginaw, TX 761791234
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
