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- LoopNet Team
2119 E Southeast Loop 323
Tyler, TX 75701
Property For Lease
PROPERTY FACTS
| Property Type | Retail | Year Built | 2000 |
| Property Subtype | Freestanding | Parking Ratio | 3.27/1,000 SF |
| Gross Leasable Area | 3,055 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 3,055 SF |
| Year Built | 2000 |
| Parking Ratio | 3.27/1,000 SF |
ABOUT THE PROPERTY
The subject property is at one of the highest profile corners in Tyler, TX. The site is located at the top trade area intersection of two major highways; ESE Loop 323 and Troup Highway (110) with 70,000 vehicles per day. It is the only single tenant space available in the submarket. The property is being offered on a 10 year NNN lease basis at $43 PSF with 2% annual rental increases. The improvement has been completely remodeled including, new single membrane roof, HVAC, electrical, and plumbing. The trade area is dynamic and boasts a 16% population increase from 2000-2013 and is expected to continue. The site is surrounded by new developments including Walmart Neighborhood Market, Hobby Lobby, McDonald's Walgreen's, Starbuck's, and Chick-Fil-A. It's down the street from Broadway Square Mall with 3.5 million annual visitors - recently completing an interior/exterior renovation. The Simon owned mall is one of only two regional malls in all of east Texas. The location is also 2 miles from University Texas at Tyler with over 9,000 students.
