616 South Saginaw Boulevard

Saginaw, TX 76179

Listing ID: 206406

$1,740,000

For Sale

Property Type Retail for Sale : Other Retail
Lot Size Acres 0.520
Building Sq Ft 2,471
Building Price per Sq Ft $704.17
Land Sq Ft 22,651
Land Price per Sq Ft $76.82

Description

Absolute NNN Pizza Hut in Saginaw, TX. The property is subject to a 15-year lease that commenced on January 1, 2020 with annual rent of $87,000 per year with 1.25% annual rental increases beginning in year six. Additionally, the tenant has four, five-year options to renew. The lease is guaranteed by a 76-unit Pizza Hut entity which is a subsidiary of Ampex Brands Services, Inc which operates various other concepts: KFC, Taco Bell, Long John Silvers, A&W, Tim Hortons, and Pizza Hut. The operator is listed as the 14th best Multi-Brand Franchisee in Franchising.com's 50 Best Brands "Multi-Brand" and operates over 409 locations throughout the continental United States.
Highlights
14+ years remaining on original lease term of 15-years commencing January 2020
1.25% annual rental increases beginning in lease year 6
76-unit Franchisee Guarantee
Located directly off S Saginaw Blvd with ADTC over 33,750 vehicles
Top 50 Best Brand "Multi-Brand" operator per Franchising.com
Fully operational and open for business as of October 2020 with rent paid to date

Listing Demographics for 616 South Saginaw Boulevard Saginaw, TX 76179

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		10,094	81,144	216,563
Population Median Age		34	32	33
Population by Age	0-9 Yrs	1930 (19%)	14277 (17%)	36902 (17%)
	10-19 Yrs	1292 (12%)	14330 (17%)	34225 (15%)
	20-29 Yrs	1057 (10%)	10126 (12%)	30935 (14%)
	30-39 Yrs	2080 (20%)	14306 (17%)	36174 (16%)
	40-49 Yrs	1062 (10%)	11074 (13%)	30248 (13%)
	50-59 Yrs	1083 (10%)	7346 (9%)	21698 (10%)
	60-69 Yrs	966 (9%)	6222 (7%)	16227 (7%)
	70+ Yrs	622 (6%)	3463 (4%)	10153 (4%)

Median HH Income		$73,636	$73,870	$69,421
Total Household Income	< 24K	471 (14%)	2738 (10%)	8768 (13%)
	25-49K	611 (18%)	4610 (18%)	13349 (19%)
	50-74K	597 (18%)	5451 (21%)	14582 (21%)
	75-99K	587 (17%)	4145 (16%)	10614 (15%)
	100-199K	966 (29%)	7233 (28%)	17741 (26%)
	200K+	63 (1%)	898 (3%)	2245 (3%)

Highest Education Level	No Diploma	1000	6967	25601
	Diploma or GED	2502	13866	36324
	Some College	1470	11552	28361
	Assoc. Degree	473	4128	10044
	Bachelors Degree	736	9019	23528
	Higher Degree	270	3033	8374

Total Housing Units		3,513	25,973	71,135
--Owner-Occupied		2,305	16,715	42,752
--Renter-Occupied		989	8,360	24,546
Owner-Occupied Values	< 100K	744	2521	9250
	100-199K	1051	8203	18816
	200-299K	465	4598	11151
	300-399K	29	1152	2514
	400-499K	0	92	519
	500K+	15	149	503

Total Working Age Population		7,301	57,549	157,709
In Work Force		4,981	40,425	110,457
Not In Work Force		2,321	17,123	47,252
Workforce Employed		4,683	37,849	104,206
Workforce Unemployed		284	2,239	5,744
Civlian Workforce		4,967	40,088	109,949
Military Workforce		13	337	508

Total Households		3,294	25,075	67,298
Family Households		2,617	20,192	51,682
Non-Family Households		677	4,883	15,617
Married Couple		1,729	14,492	37,003
Other Family		888	5,700	14,679
Married w/Child		878	8,187	19,667
Single Male w/Child		234	1,245	2,878
Single Female w/Child		194	2,211	5,585

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Texas	20,851,820	+21	25,145,561	+18	29,677,668	+18	34,894,452
Tarrant County	1,446,219	+25	1,809,034	+19	2,143,755	+17	2,507,170

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views

Other Retail Space Listings for Sale Nearby

Address	Price	Sq Ft	Acres
6501 North Fwy, Fort Worth, TX	CALL	7067	-
6501 North Fwy, Fort Worth, TX	CALL	-	-
6060 Rocky Point Trl, Lake Worth, TX	$2,495,000	10310	-
3840 NE Loop 820, Fort Worth, TX	$4,482,000	26216	-
4530 Western Center Blvd, Haltom City, TX	$3,100,000	8470	-
4530 Western Center Blvd, Watauga, TX	$3,100,000	8470	-
4401 Basswood Boulevard, Fort Worth, TX	CALL	3450	0.81
7570 North Beach Street, Fort Worth, TX	CALL	4000	-
NE 28th St, Fort Worth, TX	$550,000	1000	1.08
NE 28th St, Fort Worth, TX	$550,000	1000	1.08