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5868 Old Jacksonville Hwy
Tyler, TX 75703
The Commons · Retail Property For Sale
Investment Highlights
- 17,828 SF center built in 2019; 100% occupied with national and regional tenants
- Anchored by busiest regional Walmart Neighborhood Market (According to Placer.ai)
- Current Net Operating Income: $456,275 with 10% escalations on 5 out of the 6 leases
- Located on Old Jacksonville Hwy (34,398 VPD) in one of Tyler’s most active retail corridors
- Two drive-thru endcap suites with high visibility
- Within a 1-mile radius: 1,450 households, $159,943 average household income, and adjacency to new residential and retail development
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
17,828 SF
Building Class
B
Year Built
2019
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.93 AC
Zoning
C - C-1
Parking
102 Spaces (5.72 Spaces per 1,000 SF Leased)
Frontage
220’ on Old Jacksonville Hwy
Amenities
- Restaurant
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 1-50000-1554-03-008010 | Improvements Assessment | $1,902,214 |
| Land Assessment | $560,291 | Total Assessment | $2,462,505 |
Property Taxes
Parcel Number
1-50000-1554-03-008010
Land Assessment
$560,291
Improvements Assessment
$1,902,214
Total Assessment
$2,462,505
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