600 Saginaw Blvd Saginaw, TX 76179-2107

Property Details for 600 Saginaw Blvd

Year built

2022

Lot size

0.57 lot acres

Property size

2,434 SF

Property type

Drive through restaurants

APN

33470-16-5-71

APU

3347016571

Description

This exceptional investment opportunity presents a brand-new, 2,443-square-foot Popeyes restaurant featuring a drive-thru, situated on a 0.57-acre lot in Saginaw, Texas. Built in 2023, this Class A property boasts a 20.1-year absolute NNN ground leaseback with a franchisee tenant, ensuring minimal landlord responsibilities. The lease includes a favorable 7.5% rent increase every five years, providing consistent income growth. Located at 600 S Saginaw Blvd, 76179, this property benefits from high visibility and accessibility, situated along a major retail corridor with daily traffic exceeding 33,000 vehicles and proximity to Interstate-820 (125,000+ vehicles per day). The area demonstrates strong demographics, with an average household income exceeding $94,000 within a 3-mile radius and over 236,000 residents within a 5-mile radius. Saginaw's bullish economic development, particularly in retail, further enhances the investment potential. The property's location near numerous national retailers, including Walmart, Kroger, and Albertsons, ensures high foot traffic and strong consumer demand. Its proximity to Fort Worth Meacham International Airport and Downtown Fort Worth adds to its appeal. The strong daytime employment base, fueled by nearby business parks and industrial facilities, provides a substantial customer base. The asking price is $2,971,429, representing a 5.25% cap rate and a net operating income (NOI) of $156,000. This property offers a compelling combination of strong tenant, favorable lease terms, and a prime location in a rapidly growing area.

Location Insight

City

Saginaw

County

Tarrant

State

Texas

Longitude

-97.3612

Latitude

32.8533

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments