2416 E Southeast Loop 323 - Retail FOR SALE


Tyler, TX 75701
$450,000 USD
903-270-5996
2416 E Southeast Loop 323, Tyler, TX for Sale
$450,000 USD
Retail - FOR SALE
1/6
null | 8.22% Cap Rate

2416 E Southeast Loop 323
Tyler, TX 75701


HIGHLIGHTS

  • Fully occupied three-tenant retail investment
  • Under-market rents provide future upside
  • Tenants have been in place for over twelve years
  • Approximately 41,000 vehicles per day pass the site
  • NNN lease structure
  • Contractual rent bumps

OVERVIEW

Ihrig Properties is pleased to offer for sale a fully occupied, 3-tenant retail investment located along E. Southeast Loop 323 in Tyler, Texas. The ±2,800 SF building has been 100% occupied by its current tenants for 12+ years, providing investors with stable in-place income, long-term tenancy, and future upside through under-market rents.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

8.22%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

C-1

APN/PARCEL ID

1-50000-1056-00-019000

ASK ABOUT THIS PROPERTY

Cole IhrigIhrig PropertiesMore Info
903-270-5996

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

Cole IhrigIhrig PropertiesMore Info
903-270-5996

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