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- LoopNet Team
2119 E Southeast Loop 323
Tyler, TX 75701
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Top trade area intersection
- 70,000 cars per day
- 3,055 SF freestanding building
- For sale or lease
- Perfect for owner user
- Income tax free state
PROPERTY FACTS
ABOUT 2119 E SOUTHEAST LOOP 323 , TYLER, TX 75701
Net leased investment with below market rents offering substantial rental upside.Mattress Firm has no options for renewal. Numerous national credit tenants interested in taking the site when lease term expires November 2024. Located at the top trade intersection in Tyler; Loop 323 & Troup Highway with 70,000 cars per day. The site is surrounded by newer Walmart Neighborhood Market, Hobby Lobby, At Home, McDonald’s, Walgreen’s, Chick-fil-a, SBUX and many other national credit tenants. The University of Texas at Tyler is to the east with over 9,000 students and newly announced medical program. The only regional mall in east Texas (Broadway Square Mall) is to the west. The development and growth in Tyler is impressive with 1.22% annual population growth. The building footprint lends itself to a wide range of tenants and offers unmatched visibility on Loop 323 with pylon signage. The structure was totally redeveloped in 2014 with new single membrane roof, all new mechanicals, HVAC, plumbing, and electrical.
PROPERTY TAXES
| Parcel Number | 1-50000-1092-00-008000 | Improvements Assessment | $375,441 |
| Land Assessment | $274,559 | Total Assessment | $650,000 |
PROPERTY TAXES
