4285 Hwy 31, Tyler TX, 75702

Sold

4285 Hwy 31

Tyler TX, 75702

N/A

Sold

15,000 sqft

Commercial

Built in 2010

PROPERTY OVERVIEW Absolute NNN investment opportunity with stable pharmacy tenant in East Texas in proximity to two regionalhealthcare hubs and a newly announced medical school. As of November 2020 ,Tyler has regained 98.2 percent of the pre-pandemicemployment levels, which exceeds the state average of 95.6 percent (Source Texas Workforce Commission & Texas Real EstateResearch Center at Texas A&M University). New seven year primary lease term will start at lease execution and includes rentalincreases throughout the primary term providing additional cash flow to Buyer.
CAP Rate: 6.5%
Lease Rate: $150,000 NNN year

14525211

MLSⓇ ID

February 16, 2024

Updated

Map

4285 Hwy 31
Tyler TX, 75702

Interior Features

Total Stories: 1
Floor Description: Concrete
Fireplace: No
Cooling: Yes
Cooling Description: Other, Zoned
Heating: Yes
Heating Description: Other, Zoned

Exterior/Building Features

Lot Size: 1.98 Acres
Roof: Metal
Sewer: Public Sewer

Other Property Details

Area Name: 800 - EAST OF SERVICE AREA
Garage: No
Parking: Common
View: No
County: Smith
Water Source: Public
Pool: No

Listed by Matthew Marshall with Drake Real Estate & Investment
Listing Contact: 903-581-3737

The IDX display contains information sourced from the North Texas Real Estate Information Systems, Inc. as of 2/16/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 2/16/2024 at 5:07 AM UTC