Basswood Village

Price: $11,959,000
Sq. Ft.: 29,860
Cap Rate: 4.62%
Built: 2005

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.

  • 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
  • Building is 2005 Construction with an Attractive Facade
  • 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
  • Saginaw High School is Directly Across Basswood Boulevard | Current Enrollment is Around 1,900 Students
  • Located in a Regional Hub for a Growing Trade Area with Desirable Demographics | The Average Household Income is $110,509 Within a One-Mile Radius; $97,340 Within a Three-Mile Radius; and $99,584 Within a Five-Mile Radius | Densely Populated with Approximately 238,632 Residents Within Five Miles of the Property