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Trophy Retail Sale/Lease

2119 East Southeast Loop 323, Tyler, Texas 75701

Price: 

$2100000

Cap:

0%

NOI:

$0

Square Footage:

3,055

Lot Size:

.42 Acres

Year Built/Remodeled:

2014


Property Description: 

Location, location, location. Located at the top intersection of two major highways (Loop 323 & Troup Highway) with 70,000 cars per day surrounded by new Walmart Neighborhood Market, Hobby Lobby, At Home, McDonald’s, Walgreen’s, Chick-fil-a, SBUX and many other national tenants. The site is for a user or investor seeking intrinsic location value first and foremost above all else.

The site is a trophy location with the University of Texas at Tyler 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 population growth in Tyler is explosive with 16% population growth from 2000-2013. Fresenius Medical recently built their corporate office not far from the site.

The building footprint lends itself to numerous use types including retail or office with excellent visibility on Loop 323 and pylon signage. The structure was totally redone in 2014 with new single membrane roof, all new mechanicals, HVAC, plumbing, and electrical.

The Dallas based lender likes the location so much they will allow assumption of the existing loan even though its not an assumable loan. It really says something about the site when the lender doesn’t want to lose the loan.

Please inquire with owner for asking rent. The old Wendy’s on State Highway 64 W was leased at $35 PSF in 2017 in an inferior location.

Investment Highlights:

Top trade area intersection
For sale or lease
70,000 cars per day
Perfect for owner user
3,055 SF freestanding building
0.42 acre site
Income tax free state

Financial Summary:

All cash

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