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Southpoint Plaza 5111 Troup Hwy 15,073 SF 75% Leased Retail Building Tyler, TX 75707 $1,795,000 ($119.09/SF) 6% Cap Rate
Executive Summary
Southpoint Plaza is a 15,073 SF retail center on 2.23 acres along Troup Highway in Tyler, Texas. The property benefits from high traffic, strong visibility, and proximity to downtown, major retail, and UT Tyler, within a dense, above-average income trade area.
Currently 75% occupied with below-market rents, the property offers immediate upside through lease-up of 3,772 SF of vacancy and rent growth on renewals. Positioned in a growing regional hub, Southpoint Plaza provides stable in-place income with clear value-add potential.
Currently 75% occupied with below-market rents, the property offers immediate upside through lease-up of 3,772 SF of vacancy and rent growth on renewals. Positioned in a growing regional hub, Southpoint Plaza provides stable in-place income with clear value-add potential.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,073 SF
Building Class
B
Year Built
1984
Price
$1,795,000
Price Per SF
$119.09
Cap Rate
6%
NOI
$107,700
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
2.23 AC
Zoning
C-1 - Light Commercial
Parking
53 Spaces (3.52 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- All Seasons Windows & Door
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| All Seasons Windows & Door | - | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 104
- 1,260 SF
- Retail
- In-Line
- Now
- 106
- 1,252 SF
- Retail
- In-Line
- Now
- 108
- 1,260 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 104 | 1,260 SF | Retail | In-Line | Now |
| 106 | 1,252 SF | Retail | In-Line | Now |
| 108 | 1,260 SF | Retail | In-Line | Now |
104
| Size |
| 1,260 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
106
| Size |
| 1,252 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
108
| Size |
| 1,260 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-50000-1555-04-001000 | Improvements Assessment | $816,395 |
| Land Assessment | $183,605 | Total Assessment | $1,000,000 |
Property Taxes
Parcel Number
1-50000-1555-04-001000
Land Assessment
$183,605
Improvements Assessment
$816,395
Total Assessment
$1,000,000
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Southpoint Plaza | 5111 Troup Hwy
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