6621 S Broadway Ave | Tyler, TX 75703
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6621 S Broadway Ave
Tyler, TX 75703
Red Barn Square · Retail Property For Sale
Investment Highlights
- Drive Through End Cap
- 100% Occupied, NNN Leases, E-Commerce Resistant
- Most Dominant Retail Node in Tyler, Texas
Executive Summary
Red Barn Square features a fully stabilized multi-tenant line up of all food & beverage concepts. The tenancy features a loyal tenant base looking for diverse mix of casual to upscale, unique and delicious food offerings. All tenants offer patio seating for customers to enjoy and Bahama Bucks features a desirable end cap drive through option.
The acquisition of Red Barn Square offers investors a strong multi-tenant line up that is 100% occupied with long-term tenants. The property is in an excellent trade area and the site is positioned to retain value long-term as growth in the area continues.
The acquisition of Red Barn Square offers investors a strong multi-tenant line up that is 100% occupied with long-term tenants. The property is in an excellent trade area and the site is positioned to retain value long-term as growth in the area continues.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,545 SF
Year Built
2017
Price
$4,000,000
Price Per SF
$419
Cap Rate
6.86%
NOI
$274,341
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Frontage
300 FT on S. Broadway Ave.
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 1-50000-1434-00-015030 | Improvements Assessment | $831,043 |
| Land Assessment | $810,477 | Total Assessment | $1,641,520 |
PROPERTY TAXES
Parcel Number
1-50000-1434-00-015030
Land Assessment
$810,477
Improvements Assessment
$831,043
Total Assessment
$1,641,520
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