833 N Saginaw Blvd Saginaw, TX 76179
For Sale
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This exceptional investment opportunity presents a 14,560 square foot Walgreens, situated on a 2.241-acre lot at 833 N Saginaw Blvd, Saginaw, TX 76179. The property boasts a strong 4.94% cap rate and a substantial net operating income (NOI) of $271,599. This Class B retail building, constructed in 2003, benefits from an absolute NNN lease with a credit-rated tenant, Walgreens, ensuring minimal landlord responsibilities. The lease, commencing March 1, 2004, has a remaining term of approximately 4.5 years, extending to February 28, 2079. The property is zoned Commercial- RETPharm - Retail-Pharmacy and enjoys 100% occupancy since its opening. The asking price is $5,500,000, translating to a price per square foot of $374.15. This strategically located property, in a Fort Worth submarket, offers a secure, long-term investment with a national brand tenant. Lease options are available. Detailed lease documents, surveys, and other relevant information are available upon request. This is a rare opportunity to acquire a stable, income-producing asset in a desirable Texas location. The property is located in Tarrant County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.