2017 S Broadway Ave - Freestanding FOR SALE


Tyler, TX 75701
$5,563,671 USD
203-887-8797
2017 S Broadway Ave, Tyler, TX for Sale
$5,563,671 USD
Freestanding - FOR SALE
1/3
null | 7% Cap Rate

2017 S Broadway Ave
Tyler, TX 75701


HIGHLIGHTS

  • Absolute Triple Net Lease with No Landlord Responsibilities
  • 241,922 MSA Population
  • Robust Traffic Counts | Exceptional Visibility
  • Attractive 2% Annual Rental Increases

OVERVIEW

Surmount is pleased to present the exclusive listing for a Gleaux Car Wash located at 2017 South Broadway Avenue, Tyler, TX 75701. The site consists of roughly 2,928 rentable square feet of building space on an estimated 1.31-acre parcel of land. Gleaux Car Wash is subject to a 20.04-year Triple Net (NNN) lease, which commenced 8/22/2022. The current annual rent is $389,457 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$5,563,671 USD

PRICE/SF

$1,900 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gleaux Car Wash

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

C-2

APN/PARCEL ID

1-50000-0717-00-002040

ASK ABOUT THIS PROPERTY

Anthony D'AmbrosiaSurmountMore Info
203-887-8797

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Anthony D'AmbrosiaSurmountMore Info
203-887-8797

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.