Investment Overview

Victory Shops at Basswood VI is an 8,246-square-foot, multi-tenant retail center located in a new retail development in a high-growth area of Saginaw, Texas. The tenant base is a complementary mix of internet-resistant, service-oriented businesses including Jimboy's Tacos, Thrive Pet Healthcare, Bazooka Charlie's Barber Co., and Swig. All leases are triple-net and have schedule rent escalations during the primary terms. The building was constructed in 2021 and sits on approximately 0.9 acres with a concrete parking lot. Both end cap suites have drive-through windows. The subject property is located near the intersection of Blue Mound Road and Basswood Boulevard. The property benefits from multiple ingress and egress points, and cumulative traffic counts are approximately 48,400 vehicles per day. Adjacent pad sites include Burger King, Salad and Go, Brakes Plus, and AutoZone. National and regional retailers in close proximity including Kroger, CVS, Super Cuts, Pizza Hut, Subway, Marco's Pizza, Athletico Physical Therapy, Jersey Mike's Subs, Chase Bank, Chipotle, Starbucks, Verizon, SPENGA, and others. Saginaw High School, with a current enrollment of approximately 2,000 students, is located directly across from the subject property, providing additional traffic. The surrounding area is experiencing high growth and benefits from strong demographics. The average household income within one mile of the subject property is $100,902; $94,184 within three miles; and $96,970 within five miles. Additionally, more than 255,068 people reside within a five-mile radius.