405 W Front St - Restaurant FOR SALE


Tyler, TX 75702
$707,000 USD
650-279-5790
405 W Front St, Tyler, TX for Sale
$707,000 USD
Restaurant - FOR SALE
1/4
null | 6.71% Cap Rate

405 W Front St
Tyler, TX 75702


HIGHLIGHTS

  • Recent 5 year lease extension
  • Absolute NNN lease with 10% fixed rent increase every 5 year lease option

OVERVIEW

Originally constructed in 1979 as a Mazzio's Pizza Restaurant, Mi Mexico Lindo subleased this property back in January 2017 and in January 2026 executed their 2nd five year lease option. If the final 5 year lease option gets exercised, then a 10% fixed rent increase is scheduled to occur. This is an absolute NNN lease and tenant's current monthly rent is just $1.50/sq. ft. NNN. Building is equipped with a drive thru lane. Mi Mexico Lindo is a family operated restaurant chain with 3 locations in Tyler, Texas. The city of Tyler is the county seat of Smith County and has a reported city population of 106,000. There is a reported 61,809 residents within a 3-mile radius of the subject property with an Average Household Income of $70,946 within this same radius. Tyler is famously known as the "Rose Capital of America" due to its large rose industry.

FOR SALE DETAILS

PRICE

$707,000 USD

PRICE/SF

$267 USD /SF

CAP RATE

6.71%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mazzio's Pizza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,086 SF

ZONING

DBAC

APN/PARCEL ID

1-50000-0049-00-034000

ASK ABOUT THIS PROPERTY

Steve SauterMarcus & MillichapMore Info
650-279-5790

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Steve SauterMarcus & MillichapMore Info
650-279-5790

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