833 N Saginaw Blvd Saginaw, TX 76179
- Drug stores
- 14,700 SF
- 2.24 lot acres
Current Use by Public Records
- Drug stores
Property Details for 833 N Saginaw Blvd
- Year built
- 2003
- Lot size
- 2.24 lot acres
- Property size
- 14,700 SF
- Property type
- Drug stores
- APN
- 37084-1-8
- APU
- 3708418
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saginaw
- County
- Tarrant
- State
- Texas
- Longitude
- -97.3746
- Latitude
- 32.8715
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
