3508 Frankston Hwy - Freestanding FOR SALE


Tyler, TX 75701
$1,055,000 USD
214-808-9191
3508 Frankston Hwy, Tyler, TX for Sale
$1,055,000 USD
Freestanding - FOR SALE
1/8
null | 9% Cap Rate

3508 Frankston Hwy
Tyler, TX 75701


HIGHLIGHTS

  • Situated on nearly 2 acres, allowing ample parking and efficient site layout.
  • Located within an established retail corridor anchored by national brands, reinforcing tenant performance and investment stability.
  • Great Investment Opportunity
  • New five year renewal, with six renewal options remaining at 12% increases per option
  • Minimal Landlord Responsiblites
  • Roof and Structure Only

OVERVIEW

This Family Dollar property at 3508 Frankston Highway in Tyler, Texas presents an attractive opportunity for investors seeking steady income from a nationally recognized tenant. Located on a 1.95-acre site, this approximately 8,000-square-foot store benefits from a long-term lease structure with a current expiration date of June 30, 2031, ensuring consistent cash flow. The property offers a strong net operating income of $95,000 annually and sits prominently along a visible frontage route that captures local and commuter traffic. Tyler serves as a regional hub for East Texas, combining a stable economy, a growing population, and strong retail demand. Traffic counts surrounding the property include 2,781 vehicles per day on TX-37 and 7,738 vehicles per day on US-271 (2024 data), supporting ongoing consumer access and visibility. The location lies within a dynamic trade area with nearby national retailers such as Walmart, Home Depot, Brookshire’s, and Sam’s Club, further enhancing customer draw. This investment represents a reliable single-tenant asset backed by a discount retail brand with a broad market reach.

FOR SALE DETAILS

PRICE

$1,055,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar | Tyler, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2.17 AC

LAND SF

94,525 SF

ZONING

C-2

APN/PARCEL ID

1-50000-0840-06-014030

ASK ABOUT THIS PROPERTY

Greg WoodringWoodring CommercialMore Info
214-808-9191

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Greg WoodringWoodring CommercialMore Info
214-808-9191

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