6106 S Broadway Ave - Restaurant FOR SALE


Tyler, TX 75703
$2,869,565 USD
214-545-6962
6106 S Broadway Ave, Tyler, TX for Sale
$2,869,565 USD
Restaurant - FOR SALE
1/7
null | 5.75% Cap Rate

6106 S Broadway Ave
Tyler, TX 75703


HIGHLIGHTS

  • Absolute NNN Lease – Long-Term Stability: 17.4 years remaining on the lease term with minimal landlord responsibilities, ensuring a passive investment
  • Scheduled Rent Growth & Renewal Options: Rent escalates by 10% every five (5) years, with four (4) additional five (5)-year renewal options, providing
  • Prime Location & High-Quality Construction: Strategically positioned on Broadway Avenue (40,991 VPD), featuring a modern, high-quality building with a
  • Exceptional Accessibility: Ideally situated on Broadway Avenue, offering seamless connectivity to the greater Tyler region and surrounding communities
  • Thriving Retail Corridor: Surrounded by top national retailers, including Best Buy, Lowe’s, Ross Dress for Less, CVS, Barnes & Noble, Ashley HomeStore

OVERVIEW

Andy's Frozen Custard (the “Property”) is a freestanding retail building situated on Broadway Avenue in Tyler, Texas. Built in 2006 on a spacious 1.36-acre lot, the Property features a drive-thru, 77 parking spaces, and excellent ingress/egress to Broadway Avenue which sees 40,000+ vehicles per day (VPD). The building is 100% leased to Andy’s Frozen Custard. The tenant has shown commitment to the site and recently executed a renewal for another 20-years. According to Placer.ai, the Property is the #1 top ranked Andy's in Texas and #2 in the Nation based on number of visits and sales. The Property is surrounded by numerous national retailers and restaurants, The Property presents a strong NNN investment opportunity in a high-traffic, growth market.

FOR SALE DETAILS

PRICE

$2,869,565 USD

PRICE/SF

$1,944 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

-

APN/PARCEL ID

1-50000-1013-09-039030

ASK ABOUT THIS PROPERTY

John David CobbEDGE Realty Capital MarketsMore Info
214-545-6962

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John David CobbEDGE Realty Capital MarketsMore Info
214-545-6962

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