2119 E Southeast Loop 323 - Freestanding FOR SALE


Tyler, TX 75701
$2,517,319 USD
937-367-6656
2119 E Southeast Loop 323, Tyler, TX for Sale
$2,517,319 USD
Freestanding - FOR SALE
1/3
null | 5% Cap Rate

2119 E Southeast Loop 323
Tyler, TX 75701


HIGHLIGHTS

  • New 10 year NN lease with 3% annual rental increases
  • Below market rent commenced February 2026; opening June
  • Tenant investing $1M+ into interior/exterior facade improvements
  • Well known and highly respected healthcare provider University of Texas (UT) Health East TX
  • Top trade intersection in Tyler with 70,000+ VPD
  • Excellent demos with $98k AHHI within 1 mile

OVERVIEW

Owner/Developer is licensed Broker in Ohio acting as principal only. University of Texas (UT) Health of East Texas Urgent Care. New 10 year NN lease (roof & structure) with 3% annual rent increases. The tenant is investing $1M into interior and exterior improvements showing long term commitment to the site. Completely renovated in 2014/2026 with new roof (30 year roof) with all new mechanicals including, HVAC, electrical, plumbing, and parking lot. The 35’ freestanding pole sign and electronic reader board (tallest at corner) provide unmatched visibility to both the Loop & Troup and would be impossible to get approved today. The site benefits from being located at one of the top trade intersections in Tyler with 70,000+ VPD. It’s surrounded by newer Walmart Neighborhood Market, Hobby Lobby, At Home, McDonald’s, Walgreen’s, Chick-fil-A, SBUX, Texas Roadhouse and many other national credit tenants. 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 of $98k

FOR SALE DETAILS

PRICE

$2,517,319 USD

PRICE/SF

$824 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

C-1

APN/PARCEL ID

1-50000-1092-00-008000

ASK ABOUT THIS PROPERTY

Richard GeisenfeldCapital Commercial PartnersMore Info
937-367-6656

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Richard GeisenfeldCapital Commercial PartnersMore Info
937-367-6656

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