16158 State Highway 31 West
Tyler, TX
Price:
$7,081,000
Cap Rate:
5.00%
NOI:
$354,050
Building Size:
Approx. 6,739 Sq. Ft.
Lot Size:
Approx. 5.72 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2019
Investment Overview
- 2019 Construction. 6,739+/- SF Building. 5.72+/- Acre Site
- 11+ Years Remaining on Abs. NNN Lease with 7.5% Rent Increases in Primary Term & Option Periods, Plus (6) 5-Year Options to Renew
- Large Truck Stop Site (5.72 AC) with Excellent Visibility & Access – Prime Location Along State Highway 31 W (21,820+ VPD)
- Proximity to Regional Demand Drivers- 2 Mi. from Tyler Pounds Regional Airport (50,000+ Annual Flights)
- Tyler Is the Commercial and Cultural Capital of the East Texas Region – 80 miles from both Dallas, TX & Shreveport, LA
- Corporate CEFCO Backed by Casey’s General Stores (3rd Largest C-Store Chain in U.S.) – Casey’s Purchased CEFCO in 2024 in $1.145-billion Acquisition
- Tyler | Ranked 9th Best Southwest City for Economic and Job Growth | Population: 113,030+