6500 S Broadway - Service Station FOR SALE


Tyler, TX 75703
$3,356,643 USD
925-348-1844
6500 S Broadway, Tyler, TX for Sale
$3,356,643 USD
Service Station - FOR SALE
1/1
null | 7.15% Cap Rate

6500 S Broadway
Tyler, TX 75703


HIGHLIGHTS

  • Long Term Absolute NNN Lease
  • Backed by Strong Houston-based Operator
  • Zero Landlord Obligations
  • Annual 2% Increases in Rent
  • Situated in a Major Retail Corridor
  • Income Tax Free State

OVERVIEW

This is the opportunity to acquire a Panther Petroleum location in Tyler, Texas, secured by a New 20 Year Absolute NNN Lease expiring 12/31/2045 with 2% annual rent increases. Offered at $3,356,643 at a 7.15% CAP rate on $240,000 annual rent ($161.18/SF).The Absolute NNN structure carries zero landlord responsibilities, and income tax-free Texas offers investors a stable, passive income stream in a pro-business environment. The lease is backed by Panther Petroleum, a fast-growing Houston-based operator that grew from 23 stores in 2024 to 30+ by mid-2025, with plans to reach 50–55 under brands including Shell, Chevron, Exxon, and Valero. The property sits on Tyler's dense South Broadway retail corridor, surrounded by national retailers and grocery anchors that drive consistent daily traffic.

FOR SALE DETAILS

PRICE

$3,356,643 USD

PRICE/SF

$2,238 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Panther Petroleum

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

C1

APN/PARCEL ID

1-50000-1013-14-001000

ASK ABOUT THIS PROPERTY

Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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