600 Saginaw Blvd Saginaw, TX 76179-2107
Property profile & analytics
600 Saginaw Blvd, Saginaw, TX 76179-2107
- Drive through restaurants
- 2,434 SF
- 0.57 lot acres
Property ID
US83-3274960
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Drive through restaurants
Property Details for 600 Saginaw Blvd
- Year built
- 2022
- Lot size
- 0.57 lot acres
- 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.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- 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
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$34,179
$212,016
$1,322,984
$1,535,000
-
$212,016
$1,322,984
$1,535,000
