Sleep Number Tyler, TX

4760 South Broadway Avenue
Tyler, TX

Price: $3,250,000
Cap Rate: 6.00%
NOI: $195,000
Building Size: Approx. 3,500 Sq. Ft.
Lot Size: Approx. 0.66 Acres
Type: Single-Tenant / Retail
Year Built: 2022

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+