Net Lease Retail Building

Retail-Commercial for Sale
Catylist Listing ID: 30296038
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 1,708 SF
Gross Building Area: See Agent
Sale Price: $754,285
Unit Price: $441.62 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 11/26/2018

Overview / Comments

1,708 sf +/- Net Lease Retail Building on S. Beckham Ave.
Existing Subway Restaurant Tenant.
Great investment property.
Corporate Lease with extension.
Located in the Medical Hub of Tyler. Directly across from Christus Trinity Mother Frances Hospital.
Area businesses include East Texas Medical Center, ETMC Olympic Rehabilitation Center, Austin Bank, Stanley’s Famous Pit Bar-B-Que, and neighboring Tyler Junior College.

Additional Details

Nearest MSA: Tyler
County: Smith
Taxing Authority: SCAD
Retail Clientele: General, Family, Traveler, Other
Property Located Between: Hospitals
Property Visibility: Excellent
Largest Nearby Street: Hwy. 64 (Fifth St.)
Highway Access: Easy access to Hwy. 64 & Hwy. 31
Site Description: Street retail
Area Description: Located in the Medical Hub of Tyler. Directly across from Christus Trinity Mother Frances Hospital. Area businesses include East Texas Medical Center, ETMC Olympic Rehabilitation Center, Austin Bank, Stanley’s Famous Pit Bar-B-Que, and neighboring Tyler Junior College.
Tenancy: Single Tenant
Property Condition: Good
Year Built: 1970
Roof Type: Flat
Construction/Siding: Brick, Stucco
Parking Type: Surface
Parking Description: Ample Open Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,384 66,018 100,979
Median Age: 29.91 32.9 33.93
Households: 3,764 23,750 39,118

Contact

Photograph of Listing Agent

Matthew K Marshall

Drake Real Estate & Investments GTAR Commercial Member
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