Retail Property in Saginaw,
833 N Saginaw Boulevard Saginaw, TX 76179
For Sale
$6,000,000
Redevelopment opportunity or absolute net lease investment in Saginaw.
Property Size14,700 SF
Price / SF$408.16
Days on Market97
Property Features for 833 N Saginaw Boulevard
General Information
- Standard status
- Active
- Size
- 14,700 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2003
Listing Agency:
Rohter & Company
(972) 719-2633
Listed By:
Edward Wiewel · License #0775025
(405) 312-1177
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 26 at 10:55AM
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.
This retail property is located on Saginaw Boulevard in the City of Saginaw, a submarket of Fort Worth. The property offers a redevelopment opportunity or an absolute net lease investment. The property is currently occupied by a national brand tenant, Walgreens. The building has a size of 14,700 square feet. Seller-financing is available. Leases, survey, and store-sales information will be provided upon request.
Key Highlights
- Absolute net lease investment with national brand tenant (Walgreens)
- Strong store sales
- Seller financing available
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $370.4k | $25.20 |
| − Vacancy | −$16.7k | −$1.13 |
| EGI | $353.8k | $24.07 |
| − OpEx | −$88.4k | −$6.02 |
| NOI | $265.3k | $18.05 |
14,700 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Drug stores
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
FAQs
What type of property is this?
Drug store - Redevelopment opportunity or absolute net lease investment in Saginaw.
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: Absolute net lease investment with national brand tenant (Walgreens); Strong store sales; Seller financing available
