Sold
4285 Hwy 31
Tyler TX, 75702
Price upon request
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.
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Data last updated on 2/16/2024 at 5:07 AM UTC