2525 Tittabawassee RdSaginaw, MI 48604

For Sale
$3,762,000
High-traffic, 15-year NNN ground lease.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a 15-year absolute NNN ground lease for a newly constructed (2024) Chick-fil-A restaurant located at 2525 Tittabawassee Rd, Saginaw, MI 48604. The 5,024 square foot building sits on a 1.88-acre lot and boasts a dual-lane drive-thru and ample parking. The lease commenced January 1, 2025, and expires December 31, 2039, with 7.5% rent increases every five years. The property benefits from a corporate guarantee and features excellent visibility from Interstate 675 and Tittabawassee Road, two major thoroughfares with high average annual daily traffic (AADT) of 32,800 and 30,560 respectively. The location is strategically positioned near numerous retail giants including Walmart, Target, and Lowe's, as well as several hotels, restaurants, and educational institutions such as Saginaw Valley State University. This prime location, coupled with the strength of the Chick-fil-A brand and the long-term lease, makes this a compelling investment opportunity with a Net Operating Income (NOI) of $169,250 and a 4.50% cap rate. The asking price is $3,762,000. This property is suitable for a 1031 exchange.

Highlights

  • High-traffic location near Walmart, Sam's Club, Target, Lowe's, Home Depot, Best Buy, and numerous restaurants and hotels.
  • Excellent access to Saginaw Valley State University, Carrollton Elementary, Middle, and High Schools.
  • Highly visible from I-675, a major north-south thoroughfare with high traffic volume.
  • Located in a rapidly growing area with projected income increases.
  • New 2024 construction featuring a Chick-fil-A prototype design with a dual-lane drive-thru and ample parking on a 1.88-acre lot.

Property Details for 2525 Tittabawassee Rd

Property type
Retail properties, Retail space
Square Feet
5,024 SF
Year Built
2024
Lot Size (sq. ft)
81,893 SF

Location Insight

City
Saginaw
County
Saginaw
State
Michigan
Latitude
43.479914281569
Longitude
-83.966440792792
2525 Tittabawassee Rd, Saginaw, Michigan

FAQs

What type of property is this?
Retail property - High-traffic, 15-year NNN ground lease.
Where is the retail property located?
The property is located at 2525 Tittabawassee Rd Saginaw, MI.
What is the asking price?
The asking price for this property is $3,762,000.
What are key features of this property?
This property features: High-traffic location near Walmart, Sam's Club, Target, Lowe's, Home Depot, Best Buy, and numerous restaurants and hotels.; Excellent access to Saginaw Valley State University, Carrollton Elementary, Middle, and High Schools.; Highly visible from I-675, a major north-south thoroughfare with high traffic volume.
How can I contact the broker?
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2525 Tittabawassee Rd
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