trophy

Trophy Retail

2119 East Southeast Loop 323, Tyler, Texas 75701

Price: 

$2260700

Cap:

5.0%

NOI:

$113,035

Square Footage:

3,055

Lot Size:

.42 Acres

Year Built/Remodeled:

2014


Property Description: 

Net leased investment with below market rents offering substantial rental upside.​ Mattress Firm has no options for renewal.​ Numerous national credit tenants interested in taking the site when lease term expires November 2024.​

Located at the top trade intersection in Tyler; Loop 323 & Troup Highway with 70,000 cars per day.​ The site 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 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 1.22% annual population growth.​

The building footprint lends itself to a wide range of tenants and offers unmatched visibility on Loop 323 with pylon signage.​ The structure was totally redeveloped in 2014 with new single membrane roof, all new mechanicals, HVAC, plumbing, and electrical.​

Investment Highlights:

Significant Rental Upside
Top trade area intersection
70,000 cars per day
3,055 SF freestanding building
0.42 acre site
Income tax free state

Financial Summary:

All cash

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