12440 Highway 31 West
Tyler, TX
Price:
$4,364,000
Cap Rate:
5.50%
NOI:
$240,000
Building Size:
Approx. 3,000 Sq. Ft.
Lot Size:
Approx. 3.62 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
1980
Investment Overview
- 1980 Construction. 3,000 +/- SF Building on 3.62+/- Acre Site
- Over 11 Years on Corporate Absolute NNN Lease with 7.5% Rental Increases Every 5 Years in Both the Primary Term and Option Periods
- Location Advantage: Property Is Located Along State Highway 31 W (15,681+ VPD) & Near State Highway 323 SW (35,620+ VPD)
- Nearby Tenants Include: Dollar General, Grease Monkey, ABC Supply Co, Caterpillar, & the Scotts Company & Subject Property Is Less than a 10-Minute Drive to the Tyler Pounds Regional Airport
- Tyler Is the Commercial and Cultural Capital of the East Texas Region; 95 Miles East of the Third Largest City in Texas – Dallas
- 7-Eleven Is the World’s Largest Convenience Store Chain. The Company Recently Opened Their 85,000th Store and Continues to Develop New Stores Year-Round.
- Tyler | Largest Community in East Texas | Population: 104,945+