608 S SAGINAW BLVD
Retail | Corporate Guarentee | 9+ Years Remaining on Lease
Marketing description
Built in 2021, this ±20,000 SF free-standing retail property is 100% leased to Planet Fitness, one of the nation's fastest-growing fitness operators. Positioned along S. Saginaw Blvd in the heart of Saginaw's primary retail corridor, the asset provides investors with stable cash flow, strong corporate tenancy, and long-term relevance in a rapidly expanding North Fort Worth submarket.
The property benefits from modern construction, strong surrounding demographics, and a highly visible retail location serving both Saginaw and the broader Alliance/Fort Worth growth corridor. With a 6.8% cap rate and a nationally recognized tenant, this offering presents a compelling opportunity for investors seeking dependable income with minimal management requirements.
Investment highlights
- New Construction (2021): Purpose-built, modern retail construction designed specifically for fitness use with contemporary materials, efficient layout, and long-term durability.
- 100% Leased Long-Term Single-Tenant Asset: Fully occupied by Planet Fitness, providing immediate, predictable income backed by a proven national operator.
- Strong Retail Corridor Location: Positioned on S. Saginaw Blvd, the city's main commercial artery, surrounded by grocery anchors, national retailers, and dense residential growth.
- Large Footprint Facility: ±20,000 SF building size supports full-service fitness operations, ensuring tenant stickiness and long-term operational viability.
- High-Growth Submarket: Saginaw continues to benefit from population expansion driven by North Fort Worth employment centers, Alliance Airport logistics growth, and expanding suburban rooftops.
- Passive Investment Profile: Single-tenant structure allows for simplified ownership with limited landlord responsibilities and stable long-term income potential.
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