Retail Space - For Sale
616 South Saginaw Boulevard Saginaw, TX 76179
Details & Description
Price: $1,740,000
  • 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
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.Highlights14+ years remaining on original lease term of 15-years commencing January 20201.25% annual rental increases beginning in lease year 676-unit Franchisee GuaranteeLocated directly off S Saginaw Blvd with ADTC over 33,750 vehiclesTop 50 Best Brand "Multi-Brand" operator per Franchising.comFully operational and open for business as of October 2020 with rent paid to date
Listing Agents
Jorge Jimenez
SVN Vanguard
O: 619-442-9200
jjimenez@svn.com
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.

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
616 South Saginaw Boulevard Saginaw, TX 76179 | for Sale | Photo 1
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 Population10,09481,144216,563
Population Median Age343233
Population by Age0-9 Yrs1930 (19%)14277 (17%)36902 (17%)
10-19 Yrs1292 (12%)14330 (17%)34225 (15%)
20-29 Yrs1057 (10%)10126 (12%)30935 (14%)
30-39 Yrs2080 (20%)14306 (17%)36174 (16%)
40-49 Yrs1062 (10%)11074 (13%)30248 (13%)
50-59 Yrs1083 (10%)7346 (9%)21698 (10%)
60-69 Yrs966 (9%)6222 (7%)16227 (7%)
70+ Yrs622 (6%)3463 (4%)10153 (4%)
Median HH Income$73,636$73,870$69,421
Total Household Income< 24K471 (14%)2738 (10%)8768 (13%)
25-49K611 (18%)4610 (18%)13349 (19%)
50-74K597 (18%)5451 (21%)14582 (21%)
75-99K587 (17%)4145 (16%)10614 (15%)
100-199K966 (29%)7233 (28%)17741 (26%)
200K+63 (1%)898 (3%)2245 (3%)
Highest Education LevelNo Diploma1000696725601
Diploma or GED25021386636324
Some College14701155228361
Assoc. Degree473412810044
Bachelors Degree736901923528
Higher Degree27030338374
Total Housing Units3,51325,97371,135
--Owner-Occupied2,30516,71542,752
--Renter-Occupied9898,36024,546
Owner-Occupied Values< 100K74425219250
100-199K1051820318816
200-299K465459811151
300-399K2911522514
400-499K092519
500K+15149503
Total Working Age Population7,30157,549157,709
In Work Force4,98140,425110,457
Not In Work Force2,32117,12347,252
Workforce Employed4,68337,849104,206
Workforce Unemployed2842,2395,744
Civlian Workforce4,96740,088109,949
Military Workforce13337508
Total Households3,29425,07567,298
Family Households2,61720,19251,682
Non-Family Households6774,88315,617
Married Couple1,72914,49237,003
Other Family8885,70014,679
Married w/Child8788,18719,667
Single Male w/Child2341,2452,878
Single Female w/Child1942,2115,585

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Texas20,851,820+2125,145,561+1829,677,668+1834,894,452
Tarrant County1,446,219+251,809,034+192,143,755+172,507,170

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
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Closest Commercial Airports
Airport Distance (mi)
Dallas Fort Worth International Airport (DFW) 19
Dallas Love Field (DAL) 30
Sheppard Air Force Base-Wichita Falls Municipal Airport (SPS) 102
Listing Agent
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