1428 Old Decatur Rd Saginaw, TX 76179-5010

This exceptional investment opportunity presents a brand-new, 5,177 square foot, dual-tenant retail building in Saginaw, Texas, completed in November 2024. The property boasts 100% occupancy with nationally recognized tenants, CAVA and Five Guys, each operating under a corporate NNN lease. CAVA's lease commenced July 1, 2024, and Five Guys' lease began August 1, 2024. These long-term leases offer significant stability, with a 10-year lease for Five Guys (expiring 2034) and a 15-year lease for CAVA (expiring 2039), both including built-in rental escalations and renewal options. The weighted average lease term is 12 years, projecting reliable cash flow. Situated on a 1.15-acre lot with 49 parking spaces, the property enjoys a high-visibility location at the intersection of West Bailey Boswell Road and Old Decatur Road, experiencing over 30,000 vehicles per day. Its strategic location near Walmart, Kroger, Sprouts, Chick-fil-A, and Raising Cane's, along with proximity to Wayside Middle School, ensures high traffic and strong tenant performance. The property's zoning is PD - Planned Development. The asking price is $4,439,017, representing a 6.00% cap rate and a NOI of $266,341. This is a compelling investment in a rapidly growing area, offering a secure and profitable return. The building consists of one story.