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Gleaux Car Wash 2017 S Broadway Ave 2,928 SF Retail Building Tyler, TX 75701 $5,563,671 ($1,900.16/SF) 7% Cap Rate
Investment Highlights
- Absolute Triple Net Lease with No Landlord Responsibilities
- Robust Traffic Counts | Exceptional Visibility
- 241,922 MSA Population
- Attractive 2% Annual Rental Increases
Executive Summary
Surmount is pleased to present the exclusive listing for a Gleaux Car Wash located at 2017 South Broadway Avenue, Tyler, TX 75701. The site consists of roughly 2,928 rentable square feet of building space on an estimated 1.31-acre parcel of land. Gleaux Car Wash is subject to a 20.04-year Triple Net (NNN) lease, which commenced 8/22/2022. The current annual rent is $389,457 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,928 SF
Building Class
C
Year Built
2013
Price
$5,563,671
Price Per SF
$1,900.16
Cap Rate
7%
NOI
$389,457
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.31 AC
Zoning
C-2
Frontage
192’ on S Broadway Ave.
Moderately walkable
60/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-50000-0717-00-002040 | Improvements Assessment | $287,948 |
| Land Assessment | $683,195 | Total Assessment | $971,143 |
Property Taxes
Parcel Number
1-50000-0717-00-002040
Land Assessment
$683,195
Improvements Assessment
$287,948
Total Assessment
$971,143
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