7671 S Broadway Ave - LOCAL Car Wash
4,485 SF Specialty Building Offered at $4,588,235 at a 8.50% Cap Rate in Tyler, TX 75703
INVESTMENT HIGHLIGHTS
- Affluent Suburban Community
- Strong Academic Presence
- Tyler Regional Airport
- Strong Retail Corridor
- Strong Traffic Counts
- Long-Term NNN Lease
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a LOCAL Car Wash located at 7671 S Broadway Avenue, Tyler, TX 75703. The site consists of roughly 4,485 rentable square feet of building space on an estimated 0.98-acre parcel of land. This LOCAL Car Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $390,000 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
| Price | $4,588,235 |
| Price Per SF | $1,023.02 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Sale Condition | Sale Leaseback |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.98 AC |
| Building Size | 4,485 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2010/2024 |
| Parking Ratio | 5.13/1,000 SF |
1 of 1
PROPERTY TAXES
| Parcel Number | 1-50000-1546-05-002000 | Improvements Assessment | $430,162 |
| Land Assessment | $640,320 | Total Assessment | $1,070,482 |
ZONING
| Zoning Code | C-1 (C-1 Light Commercial: https://codelibrary.amlegal.com/codes/tyler/latest/tyler_tx/0-0-0-79863) |
