5868 Old Jacksonville Hwy - Storefront FOR SALE


Tyler, TX 75703
$7,419,106 USD
903-352-5110
5868 Old Jacksonville Hwy, Tyler, TX for Sale
$7,419,106 USD
Storefront - FOR SALE
1/4
null | 6.15% Cap Rate

5868 Old Jacksonville Hwy
Tyler, TX 75703


HIGHLIGHTS

  • 17,828 SF center built in 2019; 100% occupied with national and regional tenants
  • Located on Old Jacksonville Hwy (34,398 VPD) in one of Tyler’s most active retail corridors
  • Anchored by busiest regional Walmart Neighborhood Market (According to Placer.ai)
  • Two drive-thru endcap suites with high visibility
  • Current Net Operating Income: $456,275 with 10% escalations on 5 out of the 6 leases
  • Within a 1-mile radius: 1,450 households, $159,943 average household income, and adjacency to new residential and retail development

OVERVIEW

The Commons is a fully leased, 17,828-square-foot Class A retail center located along Tyler’s premier commercial corridor—Old Jacksonville Highway. Built in 2019, the property spans nearly 2 acres and features two endcap spaces with drive-thrus, a well-balanced tenant mix, and a modern layout tailored to today’s retail standards. Tenants include nationally recognized brands like Starbucks, McAlister’s Deli, and Pet Supplies Plus. All leases are NNN with scheduled rent increases, supporting predictable, year-over-year income growth. Surrounded by high-density multifamily, affluent neighborhoods, and major national retailers, the center benefits from consistent traffic and long-term positioning in the market.

FOR SALE DETAILS

PRICE

$7,419,106 USD

PRICE/SF

$411 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Commons

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

102

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

C

APN/PARCEL ID

1-50000-1554-03-008010

ASK ABOUT THIS PROPERTY

Creager DavisThe Genecov GroupMore Info
903-352-5110

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Creager DavisThe Genecov GroupMore Info
903-352-5110

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