Former Family Dollar 1527 Nnw Loop 323 8,000 SF Retail Building Tyler, TX 75702 $960,000 ($120/SF) 7.04% Cap Rate
INVESTMENT HIGHLIGHTS
- 4+ years remaining on NNN lease with Family Dollar
- Tyler High School nearby
- New 7/11 built next door
- Strong built in customer base - Numerous residential neighborhoods and schools surrounding the subject property
EXECUTIVE SUMMARY
Burns Commercial Properties is pleased to present the opportunity to acquire a Family Dollar store in Tyler, TX. The subject property has been vacated by Family Dollar, but has over 4 years remaining on the NNN lease term. Over 27,000 VPD on a very busy loop 323 in Tyler.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
C
Year Built
2003
Price
$960,000
Price Per SF
$120
Cap Rate
7.04%
NOI
$67,584
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.01 AC
Opportunity Zone
Yes
Zoning
C-1
Parking
29 Spaces (3.63 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1-50000-1262-00-015010 | Improvements Assessment | $309,317 (2024) |
| Land Assessment | $160,476 (2024) | Total Assessment | $469,793 (2024) |
