4760 S Broadway Ave
Tyler, TX
Price:
$3,120,000
Cap Rate:
6.25%
NOI:
$195,000
Building Size:
Approx. 3,500 Sq. Ft.
Lot Size:
Approx. 0.66 Acres
Type:
Single-Tenant / Retail
Sub Category:
Retailer
Year Built:
2023
Investment Overview
- 2022 Construction. 3,500 +/- SF Building on 0.66+/- Acre Site
- Brand New 10-Year Corporate Net Lease w/ (4) 5-Year Options to Renew and 10% Rent Increases Every 5 Years
- Pad Site to a Premier Hobby Lobby Ranked #7 out of 928 Locations in Customer Visits
- Excellent Traffic Counts w/ Superb Access Located on S Broadway Ave (39,000+ VPD)
- Located in Dense Retail Corridor w/ Surrounding Retailers of Best Buy, Barnes & Noble, Lowe’s, and More
- Sleep Number Reported Over $2.11 Billion in Revenue for 2022
- Tyler | Largest Community in East Texas | Population: 241,750+