2nd Generation Restaurant Space

Retail-Commercial for Sale
Catylist Listing ID: 30296697
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 2,400 SF
Gross Land Area: 0.77 Acres
Sale Price: $750,000
Unit Price: $312.50 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/1/2019

Overview / Comments

Second Generation Restaurant Space with drive-thru on Broadway Ave. Refurbished in 2018. Enclosed patio space and drive-thru. Pylon signage. Open surface parking.

Triple Net Lease: Tenant responsible for pro rata share of Common Area Maintenance, Taxes and Insurance.

Prominent, high visibility, S. Broadway location. Traffic counts in excess of 43,600 VPD. Located in Tyler’s most dynamic growth corridor.

Additional Details

Nearest MSA: Tyler
County: Smith
Taxing Authority: SCAD
Retail Clientele: General, Family, Business
Property Located Between: Grande Blvd. & Cumberland Rd.
Property Visibility: Excellent
Largest Nearby Street: W. Cumberland Rd.
Highway Access: Frontage on Hwy. 69, easy access to Loop 323, Loop 49
Site Description: Prominent, high visibility, S. Broadway location.
Area Description: Located in Tyler’s most dynamic Restaurant/Retail growth corridor
Tenancy: Single Tenant
Property Condition: Good
Year Renovated: 2018
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,062 34,944 76,994
Median Age: 37.43 37.67 37.57
Households: 1,754 15,237 32,173


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