6915 South Broadway Avenue
Tyler, TX
Price:
$2,545,500
Cap Rate:
5.50%
NOI:
$140,000
Building Size:
Approx. 2,977 Sq. Ft.
Lot Size:
Approx. 0.65 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built / Renovated:
1999 / 2023
Investment Overview
- 1999 Construction/2023 Renovation. 2,977+/- SF Building on 0.65+/- Acre Site
- 15 Year NNN Ground Lease w/ (5) 5 Year Options to Renew and 10% Rental Increases Every 5 Years
- Signalized, Hard-Corner Location on S Broadway Ave (39,000+ VPD) and just South of Grande Blvd (23,000+ VPD)
- Located in High Growth Part of the City w/ Average HH Income of $114,000+ in a 1-Mile Radius
- Pad Site to Target and Walmart. Adjacent Retailers also Include Starbucks, KFC, and Whataburger.
- Hawaiian Bros is One of the Fastest Growing and Highest Performing Restaurant Brands w/ Average Unite Volume of $4.6M
- Tyler | Commercial & Cultural Capital of the East Texas Region | Population: 241,922