5403 S Broadway Ave
Tyler, TX
Price:
$6,837,000
Cap Rate:
6.75%
NOI:
$461,493
Building Size:
Approx. 16,365 Sq. Ft.
Lot Size:
Approx. 1.13 Acres
Type:
/ Retail
Sub Category:
Retailer
Year Built / Renovated:
2000 / 2025
Investment Overview
- 2000 Construction/2025 Renovation. 16,365+/- SF Building on 1.13+/- Acre Site
- New 15 Year NN Lease with 10% Rental Increases Every 5 Years, In Primary Terms & Options, Plus (2), 5-Year Options to Renew
- Extreme Commitment to Location – Tenant has Operated at this Site for 25 Years and Recently Signed a New 15-Year Abs. NNN Lease
- Strong Customer Base in Affluent and High Growth Trade Area – Located on S Broadway Ave (43,800+ VPD), a Prime Corridor in Tyler
- Site Situated Between New Parkside Development ($100M+) & Broadway Square Mall (80+ Retailers, 625,000+ SF)
- Tyler’s, An Established Texas Retail Icon – Premier Regional Retailer Specializing in Active Lifestyle Apparel; Operates 8 High-Performing Locations
- Tyler | 80 Miles from Both Dallas, TX & Shreveport, LA | Population: 113,030+