1428 Old Decatur Rd - Retail FOR SALE


Saginaw, TX 76179
$4,439,017 USD
214-392-3787
1428 Old Decatur Rd, Saginaw, TX for Sale
$4,439,017 USD
Retail - FOR SALE
1/8
null | 6% Cap Rate

1428 Old Decatur Rd
Saginaw, TX 76179


HIGHLIGHTS

  • 100% Fully leased with a WALT of 12.5 years2
  • New, 2024 Construction; Tenants opened November 2024
  • CAVA & Five Guys each have corporate NNN leases
  • Ample Parking - 47 Spaces
  • Nationally Recognizable Tenants
  • Great Visibility ±30,000 VPD

OVERVIEW

Saginaw Multi-Tenant Retail (the “Property”) is a 5,177 square feet, dual-tenant retail building, Five Guys occupies 2,575 sf and CAVA occupies 2,602 sf. This property is located in Northwest Saginaw, Texas, and construction was completed in November 2024. CAVA’s rent commenced July 1, 2024, and Five Guys rent commenced August 1, 2024. The property is strategically located near the intersection of West Bailey Boswell Road and Old Decatur Road, which experiences over 30,000 vehicles per day. The Property is situated near Walmart, Kroger, and a new Sprouts. Saginaw Multi-Tenant Retail is neighbored by Chick-fil-A who sees over 60k visits monthly and a Raising Canes who hosts almost 35k visits monthly. This intersection is surrounded by multiple neighborhoods as well as Wayside Middle School with an enrollment of over 1,000 students. The Property currently has in place a 10-year lease with Five Guys, which expires in 2034, and a 15-year lease with CAVA, that expires in 2039. Each tenant has built in rental escalations and multiple renewal options. The asset is projected to show reliable cash flow with a weighted average lease term of 12 years. Due to Saginaw’s fast-growing environment and national tenants, located in the center with long lease terms, Saginaw Retail is a desirable opportunity for a new investor.

FOR SALE DETAILS

PRICE

$4,439,017 USD

PRICE/SF

$888 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Saginaw Multi-Tenant Retail - CAVA & Five Guy

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

PD

APN/PARCEL ID

42719605

ASK ABOUT THIS PROPERTY

Brandon BeesonEDGE Capital MarketsMore Info
214-392-3787

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Brandon BeesonEDGE Capital MarketsMore Info
214-392-3787

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.