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Property profile & analytics
FOR SALE
Drug stores

833 N Saginaw Blvd Saginaw, TX 76179

14,700 SF 2.24 ac lot Built 2003
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US82-0387222
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 2003
Total area 14,700 SF
Lot 2.24 ac (97,662 SF)
APN 37084-1-8
UPID US82-0387222
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.59M
Blend (final) Blend
$1.93M
Owner & transaction history
Zamindari Real Estate Investment Th · 12 yrs held
Zamindari Real Estate Investment Th
since 2014
1 recorded transaction
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.8M +44.8%
Commercial (general) $1.5M +22.4%
Office building $1.3M +7.9%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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