vacant

Class A Site For Lease

2119 ESE Loop 323 Tyler, TX 75703

Price: 

Cap:

%

NOI:

$

Square Footage:

3,055

Lot Size:

.56 Acres

Year Built/Remodeled:

2014

Owner is licensed Broker in Ohio acting as principal only

Property Description: 

Immediate availability directly from broker/owner acting as a principal. Offering unmatched visibility on Loop ESE 323 and Troup Highway located at one of the top intersections in Tyler, TX with 70,000 cars per day. The site benefits from the tallest freestanding pole sign (35’) including electronic reader board with visibility from both highways and would be impossible to get approved today.

The site is next to one of the top Texas Roadhouse locations in Texas and is surrounded by newer Walmart Neighborhood Market, Hobby Lobby, At Home, McDonald’s, Walgreen’s, Chick-fil-A, SBUX, and many other national credit tenants.

The University of Texas at Tyler is 1.3 miles to the east with over 9,000 students and newly announced medical program. The only regional mall in east Texas (Broadway Square Mall) is to the west. The development and growth in Tyler is impressive with 2.22% annual population growth.

The structure was totally redeveloped in 2014 with new single membrane roof (30 year), all new mechanicals, HVAC, plumbing, and electrical. A new parking lot to be provided.

It’s close in proximity to the University of Texas at Tyler; approximately 1.3 miles to the east and has over 9,000 students. The college recently announced a new medical program and expects to increase overall enrollment.
Simon Property Group’s Broadway Square Mall is to the west and the only regional mall in east Texas.
The development and growth in Tyler continues its upward trajectory with 2% annual population increases. The location has excellent demographics with very strong average household income in excess

Investment Highlights:

For lease with immediate availability
Signalized intersection with 70,000 cars per day at the corner
Unmatched visibility on Loop 323 and Troup Highway
Surrounded by national tenants
Excellent demographics with 2.2% annual population growth and $98K AHHI within 1 mile
Completely renovated in 2014 with new roof and mechanicals

Financial Summary:

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