Torchy’s Tacos Tyler, TX

426 E SE Loop 323
Tyler, TX

Price: $3295000
Cap Rate: 6.50%
NOI: $214,130
Building Size: Approx. 6000 Sq. Ft.
Lot Size: Approx. 1.48 Acres
Type: Single-Tenant / Retail
Sub Category: Fast Casual
Year Built / Renovated: 1993 / 2015

Investment Overview

  • Renovated 2015 | 6,000+/- SF Building on 1.48+/- Acre Site
  • 11-Yr Corp Lease w/ 10+ Yrs Remaining & 8% Rent Bump in Year 7
  • Near the corner of Loop 323 (43,000 VPD) & Broadway Ave (31,000 VPD)
  • Across Broadway Square Mall (614,353 SF) | Near TGI Friday’s, Raising Cane’s, Whataburger
  • Proximity to: Robert E. Lee HS (2,763 Stu./Fac.) | The University of Texas at Tyler (9,398 Stu./Fac.)
  • Major Employers: East TX Medical Center (3K+ Empl.), Trinity Mother Frances Hospital (3k+ Empl)
  • Tyler is known as “Rose Capital of America” – Produces 20% of the Commercial Rose Bushes in the U.S
  • 5-Mile 2015 Estimated Population: 103,144   | 3-Mile Average Household Income:  $72,753
  • Tyler is located equitant, 1.5-Hrs, East of Dallas, Texas & West of Shreveport Louisiana

Copyright © 2024 Secure Net Lease.