6525 S Broadway Ave | Tyler, TX 75703
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- LoopNet Team
6525 S Broadway Ave
Tyler, TX 75703
Walk-On's | 15-Yr NNN SLB | 45k VPD | TX · Retail Property For Sale
Investment Highlights
- New, 15-year, absolute NNN lease with one of the fastest growing restaurant concepts in the country
- Signalized, hard corner location directly off Broadway Ave with excellent access and visibility to ±45,000 VPD
- 10% rental increases every 5 years throughout the initial term and options, providing a great hedge against inflation
- Attractive, average yield of 7.17% over the base lease term, assuming purchase at List Price
- Full-term, personal guarantee from the principal operator who currently operates 10 locations | See broker for details on net worth
- Within a few blocks of shopping centers anchored by Target and a Walmart Supercenter
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
8,458 SF
Building Class
B
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.01 AC
Parking
105 Spaces (12.41 Spaces per 1,000 SF Leased)
Frontage
102 ft on South Broadway Avenue
Amenities
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | 1-50000-1434-00-014020 | Improvements Assessment | $2,118,522 |
| Land Assessment | $1,335,998 | Total Assessment | $3,454,519 |
PROPERTY TAXES
Parcel Number
1-50000-1434-00-014020
Land Assessment
$1,335,998
Improvements Assessment
$2,118,522
Total Assessment
$3,454,519
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