Saginaw Multi-Tenant Retail - CAVA & Five Guy 1428 Old Decatur Rd

Saginaw Multi-Tenant Retail (the “Property”) is a 5,177 square feet, dual-tenant retail building, Five Guys occupies 2,575 sf and CAVA occupies 2,602 sf. This property is located in Northwest Saginaw, Texas, and construction was completed in November 2024. CAVA’s rent commenced July 1, 2024, and Five Guys rent commenced August 1, 2024. The property is strategically located near the intersection of West Bailey Boswell Road and Old Decatur Road, which experiences over 30,000 vehicles per day. The Property is situated near Walmart, Kroger, and a new Sprouts. Saginaw Multi-Tenant Retail is neighbored by Chick-fil-A who sees over 60k visits monthly and a Raising Canes who hosts almost 35k visits monthly. This intersection is surrounded by multiple neighborhoods as well as Wayside Middle School with an enrollment of over 1,000 students.
The Property currently has in place a 10-year lease with Five Guys, which expires in 2034, and a 15-year lease with CAVA, that expires in 2039. Each tenant has built in rental escalations and multiple renewal options. The asset is projected to show reliable cash flow with a weighted average lease term of 12 years. Due to Saginaw’s fast-growing environment and national tenants, located in the center with long lease terms, Saginaw Retail is a desirable opportunity for a new investor.