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Classic Auction - Retail

Boswell Towne Center

1205 N Saginaw Boulevard, Saginaw, TX 76179

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  • Asset Type
  • Real Estate
  • Property Type
  • Retail
  • Land Area
  • 1.74 Acres
  • Year Built
  • 2002
  • Number of Floors
  • 1
  • Number of Buildings
  • 1
  • Parking Count
  • 127
  • Occupancy
  • 100.00%
  • Occupancy as of
  • Apr 01, 2020
  • Retail Type
  • Neighborhood Center
  • Anchor
  • Shadowed
  • Anchor Tenant(s)
  • Albertson's & Walmart Supercenter
  • Property Size
  • 21,290 Sq Ft

Boswell Towne Center | Grocer-Shadowed Retail

Investment Highlights

Outstanding Historical Tenancy & Tenant Longevity: Over 39% of the tenant lineup of Boswell Towne center has occupied their respective spaces for over 14 years. Furthermore, 72% of the tenants have occupied the center for at least 8 years. This longevity is indicative of a strong and healthy tenant mix.

Albertson’s Shadow Anchored Center: Being strategically shadowed to a Nationally recognized Grocer, Boswell Towne Center benefits from massive cross-traffic exposure.

Small, Very Leasable Spaces: The average size space in Boswell Towne Center is only 1,638 square feet. This makes the property extremely leasable as the tenant pool for this size space is the largest in the industry. 

Staggered Lease Expirations: The Property is currently occupied by 13 tenants with staggered lease expirations. Furthermore, this fact, coupled with exceptional tenant longevity, connotes a lower risk investment opportunity in comparison with many other shopping centers on the market.

Exceptional Demographics:  Located within a high-density area of Saginaw, Boswell Towne Center benefits from strong demographics. Within a five-mile radius of the Property, the average household income is an impressive $91,885, which is well above the national average. This indicates high spending power within the submarket.

High Growth Trade Area: Boswell Towne Center tremendously benefits from its location within a high-growth submarket. Within a five-mile radius, the population has grown by an outstanding 27% over the past 9 years and is projected to grow an additional 9.09% over the next four years. Additionally, within in a 10 mile radius, the population has grown by an impressive 21% and is expected to grow an additional 8.4% over the next four years.

Offering Details

Strive Real Estate and RealINSIGHT Marketplace are pleased to offer the opportunity to acquire the fee-simple interest in Boswell Towne Center.  Located in the rapidly growing submarket of Saginaw, Tx, the offering of Boswell Towne Center presents a compelling opportunity to take advantage of a fully stabilized, Class-A Asset that is shadow-anchored to an Albertson’s as well as Walmart Supercenter.

Its central positioning to Saginaw’s retail trade area makes Boswell Towne Center a convenient shopping space with a complementary tenant lineup that holds strong against the forces of the internet.   

Boswell Towne Center is strategically positioned in a high-growth trade area that has experienced an outstanding 27% growth over the past nine years and is expected to grow an additional 9% over the next four years. As the owner of Boswell Towne Center, an investor is able to enjoy a stabilized asset in a rapidly growing market.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

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Cooperating Broker Fee Available!

Cooperating brokers may be eligible for a 0.50% co-op fee if their client is the winning bidder. If you are a broker, click here to login and identify your client.

Platform Fee

Platform fee for this transaction is 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • Lamar P. Fisher

    Fisher Auction Company Inc.

    License: 10344