Former Family Dollar | 1527 Nnw Loop 323
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Former Family Dollar 1527 Nnw Loop 323
8,000 SF Retail Building Tyler, TX 75702 $960,000 ($120/SF) 7.04% Cap Rate
Investment Highlights
- 4+ years remaining on NNN lease with Family Dollar
- Tyler High School nearby
- New 7/11 built next door
- Strong built in customer base - Numerous residential neighborhoods and schools surrounding the subject property
Executive Summary
Burns Commercial Properties is pleased to present the opportunity to acquire a Family Dollar store in Tyler, TX. The subject property has been vacated by Family Dollar, but has over 4 years remaining on the NNN lease term. Over 27,000 VPD on a very busy loop 323 in Tyler.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Year Built
2003
Price
$960,000
Price Per SF
$120
Cap Rate
7.04%
NOI
$67,584
Tenancy
Single
Building Height
1 Story
Opportunity Zone
Yes
Zoning
C-1
Frontage
PROPERTY TAXES
| Parcel Number | 1-50000-1262-00-015010 | Improvements Assessment | $309,317 (2024) |
| Land Assessment | $160,476 (2024) | Total Assessment | $469,793 (2024) |
PROPERTY TAXES
Parcel Number
1-50000-1262-00-015010
Land Assessment
$160,476 (2024)
Improvements Assessment
$309,317 (2024)
Total Assessment
$469,793 (2024)
-
Blair Swaim -
Burns Commercial Properties
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Former Family Dollar | 1527 Nnw Loop 323
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