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Shopping Strip

Basswood Village

900 N Blue Mound Rd, Saginaw, TX 76131

Listing Price: $11,959,000

Cap Rate
5.00%
Gross SF
29,860
Rentable SF
29,860
Price/Gross SF
$400.50
Lot Size
2.91 acres
Year Built
2005

Investment Overview

Basswood Village is a 29,860-square-foot, multi-tenant retail center located in a high-growth area of Saginaw, Texas. The center is 100 percent occupied, and all leases are triple-net. Tenants are a complementary mix of service-oriented businesses and include DaVita Dialysis, Marco's Pizza, The Little Gym, Subway, Hong Kong Express, Glo Tanning, 1st Dental & Orthodontics, Red Aero Pack Mail Ship, The Lash Bar, Everest Convenience Store, Great Clips, Elite Hair & Nail, and Lexie's Beauty Room. Constructed in 2005, the building is situated on a 2.91-acre lot. The subject property is located at the signalized, hard corner of Basswood Boulevard and North Blue Mound Road with ingress and egress points from both roads. Cumulative traffic counts are approximately 43,000 vehicles per day. A Kroger grocery-anchored shopping center is located directly across North Blue Mound Road, with other neighboring retailers including Chipotle, Chase Bank, Starbucks, CVS Pharmacy, Jersey Mike’s, Sonic, Burger King, Brakes Plus, 7 Eleven, and others. Saginaw High School, with a current enrollment of approximately 1,900 students, is located directly across Basswood Boulevard, 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 $110,509; $97,340 within three miles; and $99,584 within five miles. Additionally, more than 238,632 people reside within a five-mile radius.

Investment Highlights

  • 29,860-Square-Foot, Multi-Tenant Retail Center | Shadow-Anchored by Kroger Grocery Store
  • Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net
  • Tenant Base is a Complementary Mix of Internet-Resistant, Service-Oriented Businesses | Anchored by DaVita Dialysis
  • Signalized, Hard Corner Location at the Intersection of Basswood Boulevard and North Blue Mound Road | Easily Accessible through Ingress and Egress Points from Both Roads | Cumulative Traffic Counts are Approximately 43,000 Vehicles per Day
  • Located in a Regional Hub for a Growing Trade Area with Desirable Demographics

Exclusively Listed By

Listing Price: $11,959,000

Cap Rate
5.00%
Gross SF
29,860
Rentable SF
29,860
Price/Gross SF
$400.50
Lot Size
2.91 acres
Year Built
2005

Investment Highlights

  • 29,860-Square-Foot, Multi-Tenant Retail Center | Shadow-Anchored by Kroger Grocery Store
  • Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net
  • Tenant Base is a Complementary Mix of Internet-Resistant, Service-Oriented Businesses | Anchored by DaVita Dialysis
  • Signalized, Hard Corner Location at the Intersection of Basswood Boulevard and North Blue Mound Road | Easily Accessible through Ingress and Egress Points from Both Roads | Cumulative Traffic Counts are Approximately 43,000 Vehicles per Day
  • Located in a Regional Hub for a Growing Trade Area with Desirable Demographics

Investment Overview

Basswood Village is a 29,860-square-foot, multi-tenant retail center located in a high-growth area of Saginaw, Texas. The center is 100 percent occupied, and all leases are triple-net. Tenants are a complementary mix of service-oriented businesses and include DaVita Dialysis, Marco's Pizza, The Little Gym, Subway, Hong Kong Express, Glo Tanning, 1st Dental & Orthodontics, Red Aero Pack Mail Ship, The Lash Bar, Everest Convenience Store, Great Clips, Elite Hair & Nail, and Lexie's Beauty Room. Constructed in 2005, the building is situated on a 2.91-acre lot. The subject property is located at the signalized, hard corner of Basswood Boulevard and North Blue Mound Road with ingress and egress points from both roads. Cumulative traffic counts are approximately 43,000 vehicles per day. A Kroger grocery-anchored shopping center is located directly across North Blue Mound Road, with other neighboring retailers including Chipotle, Chase Bank, Starbucks, CVS Pharmacy, Jersey Mike’s, Sonic, Burger King, Brakes Plus, 7 Eleven, and others. Saginaw High School, with a current enrollment of approximately 1,900 students, is located directly across Basswood Boulevard, 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 $110,509; $97,340 within three miles; and $99,584 within five miles. Additionally, more than 238,632 people reside within a five-mile radius.

Exclusively Listed By

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