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