945 N Saginaw Blvd - Restaurant FOR SALE


Saginaw, TX 76179
$3,571,430 USD
312-548-6822
945 N Saginaw Blvd, Saginaw, TX for Sale
$3,571,430 USD
Restaurant - FOR SALE
1/6
null | 7% Cap Rate

945 N Saginaw Blvd
Saginaw, TX 76179


HIGHLIGHTS

  • Attractive Rent Increases
  • Strong and Tenured Operator
  • Zero Landlord Responsibilities
  • Dallas-Fort Worth MSA
  • Strategic Location
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase Applebee’s located at 945 N Saginaw Boulevard in Saginaw, Texas (the “Property”). This is a sale-leaseback of a free-standing single tenant Applebee’s consisting of a single-story 4,592 square foot building on a 1.15-acre parcel. Applebee’s has been operating at this location for over 13 years (since 2011) and will sign a new 15-year Absolute NNN Lease, with four (4), 5-year renewal options upon the close of escrow. The lease calls for attractive 10% rent increases every five years throughout the base term and at the beginning of each renewal option. Applebee’s is well located along N Saginaw Boulevard (US Route 287 BUS), one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding frontage, visibility, and access and is close to national and local retailers, large industrial complexes, and warehouses, all of which drive traffic to the area. Applebee’s is also surrounded by densely populated residential neighborhoods and several area schools that provide a built-in and captive customer base. Saginaw’s is located adjacent to the junction of Interstates 820 and 35W and provides outstanding access to Downtown Fort Worth 8-miles to the south. Saginaw’s proximity to Fort Worth has facilitated its growth as a sought-after and growing residential community.

FOR SALE DETAILS

PRICE

$3,571,430 USD

PRICE/SF

$778 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebee's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,007 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jack CollinsHorvath & TremblayMore Info
312-548-6822

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Jack CollinsHorvath & TremblayMore Info
312-548-6822

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