7715 S Broadway Ave
Tyler, TX 75703
Freddy's | New 20yr Abs NNN | 2018 Const. · Retail Property For Sale

The subject property is currently under construction and is on schedule to be completed by late August 2018 featuring a state-of-the-art and high quality design. Freddy’s is strategically located as a pad to Kohl’s, and is situated along US Highway 69 (32,300 VPD), a primary north/south thoroughfare traveling directly through the heart of Tyler,TX. The asset will feature a dual lane drive-thru, offering ease and convenience to customers. On average, stores with drive-thrus generate higher sales than those without. The site is located just north of the recently developed Village at Cumberland Park, a 700,000 SF shopping center with multiple buildings spread across 80 acres featuring retail, service, food and entertainment options. It is estimated that the village created 2,000 new jobs and could infuse $5 million per year in taxes in the city, county, and local school districts budgets. The shopping center features national/credit tenants such as Burlington, TJ Maxx, Ross, Bed Bath & Beyond, Petco, Kirkland, and more. Other major nearby national/credit tenants include a 24-hour Walmart Supercenter, Target, Lowe’s Home Improvement, and Best Buy, all just a few miles north of the property. The 5-mile trade is supported by a population of nearly 78,000 with an average household income of $88,000. The immediate 1-mile trade area boasts an affluent average household income of approximately $100,000.