2525 Tittabawassee RdSaginaw, MI 48604

Property Details for 2525 Tittabawassee Rd

Year built

2024

Lot size

1.88 AC

Property size (Sq ft)

5,024 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Saginaw

County

Saginaw

State

Michigan

Latitude

43.4799

Longitude

-83.9664

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