Investment Property for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30296411
Property Subtypes: Free-Standing Building, Restaurant, Other
Building Size (RSF): 3,700 SF
Sale Price: $1,329,000
Unit Price: $359.19 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 6.9%
Average Occupancy Rate: 100
Last Updated: 7/30/2018

Overview / Comments

NNN Investment Property
3,700 +/- Retail Building on East Grande Boulevard.
Located on the corner of South Broadway Avenue and Grande Boulevard, the property offers multiple access points and tremendous visibility to one of the major thoroughfares in the market.
The corner of South Broadway Avenue and East Grande Boulevard is in Tyler’s retail & residential growth corridor.

Additional Details

Nearest MSA: Tyler
County: Smith
Taxing Authority: SCAD
Zoning: COMMERCIAL
Retail Clientele: General, Business
Property Located Between: Just east of S. Broadway (Hwy. 69)
Property Visibility: Good
Largest Nearby Street: S. Broadway Ave.
Highway Access: Easy access to Loop 323, US Hwy. 69 & Hwy. 110
Site Description: High visibility and multiple access points
Area Description: Tyler's primary Restaurant and Retail corridor
Tenancy: Single Tenant
Property Condition: Good
Year Built: 2016
Roof Type: Other
Construction/Siding: Concrete, Concrete - Tilt up, Stucco
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,142 43,015 94,589
Median Age: 39.93 38.23 36.02
Households: 5,594 18,891 38,184

Contact

Photograph of Listing Agent

Matthew K Marshall

Drake Real Estate & Investments GTAR Commercial Member
© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Greater Tyler Association of REALTORS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.