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Simpson Plaza 4249 S Broadway Ave 8,433 SF 100% Leased Retail Building Tyler, TX 75701 $5,495,867 ($651.71/SF) 6% Cap Rate
EXECUTIVE SUMMARY
Prime real estate in a fast-growing Texas market
Hard corner signalized intersection of Tyler, TX’s main retail roads with 85,000+ vehicles per day
Long term tenant, Chico’s, has leased since 2003
Brand new 5-year lease with Hollywood Feed
Tyler named #1 Best City in Texas to Move To & #1 Best U.S. City to Retire To (USA Today, 2024)
Landlord replaced roof in 2025 in conjunction with Hollywood Feed opening
Hard corner signalized intersection of Tyler, TX’s main retail roads with 85,000+ vehicles per day
Long term tenant, Chico’s, has leased since 2003
Brand new 5-year lease with Hollywood Feed
Tyler named #1 Best City in Texas to Move To & #1 Best U.S. City to Retire To (USA Today, 2024)
Landlord replaced roof in 2025 in conjunction with Hollywood Feed opening
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
8,433 SF
Building Class
B
Year Built
2006
Price
$5,495,867
Price Per SF
$651.71
Cap Rate
6%
NOI
$329,752
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.59 AC
Zoning
C-1
Parking
37 Spaces (4.39 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1-50000-1428-00-009000 | Improvements Assessment | $436,022 |
| Land Assessment | $462,168 | Total Assessment | $898,190 |
PROPERTY TAXES
Parcel Number
1-50000-1428-00-009000
Land Assessment
$462,168
Improvements Assessment
$436,022
Total Assessment
$898,190
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Simpson Plaza | 4249 S Broadway Ave
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