Victory Shops at Basswood VI

Price: $4,843,600
Sq. Ft.: 8,246
Cap Rate: 6.25%
Built: 2021

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.

  • 8,246-Square-Foot, Multi-Tenant Retail Center Located in Victory Shops at Basswood, a +/- 26-Acre Development in a High-Growth Area
  • 100% Occupied | All Leases are Triple-Net and Include Scheduled Rent Increases
  • Current Averages are Below Market
  • Strong Tenant Base Comprised of a Complementary Mix of Internet-Resistant and Service-Oriented Businesses
  • Both End Cap Suites have Drive-Through Windows
  • Building is New 2021 Construction with Attractive Architecture | Large Monument Sign for the Basswood Development Provides Additional Exposure to the Center
  • Located Near High-Performing Kroger Based on Consumer Traffic (Source:
  • Property is Situated on Basswood Boulevard Near the Signalized Intersection of Blue Mound Road | Accessible from Ingress and Egress Points on Both Road | Cumulative Traffic Counts are Approximately 48,400 Vehicles Per Day
  • Less than 1.5 Miles West of Interstate 35W | City’s Major North-South Thoroughfare | Traffic Counts are 126,697 Vehicles Per Day
  • Current Adjacent Pad Sites Include Burger King, Salad and Go, Brakes Plus, and AutoZone | Future Development Includes a Fitness Center, Academy Sports + Outdoors, and More Small Shop Retail and Restaurant Space
  • Saginaw High School is Directly Across Blue Mound Road | Current Enrollment Exceeds 2,000 Students
  • Located in Regional Hub for a Growing Trade Area with Desirable Demographics | Average Household Income is $100,902 within a One-Mile Radius; $94,184 within a Three-Mile Radius; and $96,970 within a Five-Mile Radius | Densely Populated with Approximately 255,068 Residents within Five Miles of the Property
  • Less Than One Mile from BNSF Railway Co, America’s Second-Largest Railway | Home to 4,500+ Employees